(NASDAQ: AAPL) made headlines recently when Microsoft leapfrogged over it as the world's most valuable company by market cap.

The iPhone company has had a challenging year, with macroeconomic headwinds curbing consumer spending and leading to a decline in its fiscal revenue. As a result, shares in Apple have fallen about 8% over the last month as Wall Street has grown concerned for the company's future.

However, there are plenty of reasons to remain bullish about Apple over the long term.

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Source Fool.com