It’s no longer a growth stock… but can you still generate cash on this tech giant?
Shares of Apple (NASDAQ:AAPL) have gone nowhere for almost two years, causing frustrated investors to get their pitchforks out and proclaim, “Apple’s no longer an innovator—no longer a growth stock!“
As with most ideas born of mob mentality, this is an incredibly limited view. Apple is still an innovator, and, more importantly, it has the recipe for long-term success.
It’s true the company’s—and the stock’s—hyper-growth days may be behind it. Yet, for some, Apple has been transformed into an entirely different kind of investment vehicle.
Before getting into that, though, here’s why this longtime Apple bull still believes…