(NASDAQ: AAPL) shares have climbed about 33% year to date despite two consecutive quarters of revenue declines. The company's history of consistent stock growth and dominance in consumer tech earned it patience from investors who believe in its long-term potential.

U.S. inflation has eased for 10 months in a row, but it remains elevated -- the Consumer Price Index was up 4.9% year over year in April. However, that was its smallest increase in two years. The challenging economic environment affects countless companies, and Apple has not gone unscathed. However, it continues to have excellent prospects once macroeconomic headwinds subside, thanks to its reliable iPhone business and its expansion into services. 

Here's why now is an exciting time to buy Apple stock. 

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Source Fool.com