Is Apple Stock a Buy?
Apple's (NASDAQ: AAPL) stock price recently dipped after the tech giant posted a mixed fourth-quarter report on Oct. 28. Its revenue rose 29% year over year to $83.4 billion, which missed analysts' estimates by $1.6 billion. Its earnings rose 70% to $1.24 per share and matched analysts' expectations.
Apple attributed its slower-than-expected growth to supply chain constraints, which reduced its fourth-quarter sales by $6 billion. It expects those constraints to have an even bigger impact on its first-quarter sales.
Those challenges largely overshadowed CFO Luca Maestri's claim that Apple was still experiencing "better-than-expected demand" for its products during the company's conference call. Should investors avoid Apple after that messy quarter, or consider its latest pullback a buying opportunity?
Source Fool.com
