Is Apple Stock a Buy?
Apple's (NASDAQ: AAPL) latest earnings report was upbeat about the future, despite softness in demand for iPhones and wearables. Apple reached a new record for active users across its iDevices and continues to see new users for premium services, such as Apple TV+, Arcade, and News+.
The stock has returned market-crushing returns for investors over the last decade, but the near term will be challenging. Growth in its largest sales category, the iPhone, has been slowing. This trend will worsen in the near term, especially as consumer spending takes a hit with higher unemployment as a result of COVID-19.
I own shares of Apple and believe the business will continue to grow over time. But is this the right time to buy the stock? To answer this question, we'll review a few reasons to wait, along with a few reasons to take the plunge.
Source Fool.com
