It's prime time for holiday shopping and investors should be no exception. In fact, 2022 left many great stocks trading at steep discounts, despite their businesses' long-term strength.

Some stocks saw their prices affected by short-term headwinds while others seem to simply get caught up in the market downturn, through no fault of their own. Here are three stocks that were beaten down this year but are smart buys heading into 2023.

When compared to what analysts were expecting, Apple's (NASDAQ: AAPL) fourth-quarter results were a mixed bag. The consumer tech company beat estimates for revenue and earnings per share (EPS), but iPhone and services revenue was lighter than what Wall Street was expecting. Management also provided some insights for Q1 that put a damper on expectations.

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Source Fool.com