From MarketWatch:

Apple’s stock has taken a hit lately, indulging in two downgrades in one month, with shares falling back to 2021 prices. However, upcoming phone models might reverse the trend, given the record-breaking replacing cycle and strong fourth-quarter shipments reflected in the recent numbers.

Apple’s huge financial results and strong balance sheet make it better positioned than most other companies to deal with momentary stock downturns. With impressive profits and substantial cash reserves, coupled with only modest debt, Apple remains a financially enviable option for long-term investors.

Apple has been slowly transitioning its business model to a more solution-oriented one. This shift has allowed Apple to expand its digital ecosystem and increase the profit margins while maintaining strong dominant brand value and quality product lines.

Lastly, Apple remains one of the strongest companies to invest in, given its reputation and history of delivering quality products and superior services. Even in uncertain times for the stock, long-term investors are wise to take advantage of the opportunity to own stakes in this quality company.

Overall, while Apple has faced challenges recently, the future prospects look promising enough for long-term investors. With the upcoming releases of new iPhone models and growth in the digital ecosystem, Apple remains a safe investment option by virtue of its strong balance sheet, evolving business model, and brand power.



Read more: 4 Reasons to Buy Apple Stock Like There’s No Tomorrow