Apple Inc. (AAPL): A Value Stock

“We did have significant shortages due to robust demand on both iPad mini and both models of the iMac that persisted the entire quarter. And we are still short of both of those today as the matter of fact. Additionally, supply of iPhone 5 was short to demand until late in the quarter and iPhone 4 was short for the entire quarter, we believe that we can achieve a supply demand balance on iPad mini during this quarter and on iPhone 4 during this quarter. On iMac, we are confident that we are going to significantly increase the supply, but the demand here is very strong and we are not certain that we will achieve a supply demand balance during the quarter.“

The bottom line

Right now Apple is a great buy for the long-term. I would not be surprised if Apple went down a bit more, but the downside is limited and it has a lot of room to run from here. If you are starting a position I would consider buying a third of your position here. If Apple does continue to decline do to cuts in its projected growth rate you can buy more on the way down.

The article Apple: A Value Stock originally appeared on Fool.com and is written by Justin Boucher.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.