Up 600% in 10 Years, Here's Why Apple Stock Is Still So Cheap
Apple (NASDAQ: AAPL) has been one of the few major tech stocks that have held up during the Nasdaq Composite bear market. Yet even Apple is now down over 20% from its all-time high as its share price dipped below $140 on Thursday for the first time since June 2021.
While it's true that Apple customers may be less inclined to upgrade their devices to the latest models during a recession, there's no denying that Apple's consistent growth and profitability should continue for decades to come. Despite being one of the better-performing tech stocks, up over sixfold in the last 10 years, here's why Apple stock is still surprisingly cheap. And why now may finally be a good time to take a bite out of Apple stock.
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Source Fool.com
