Apple Inc. (AAPL)’s Stock May Be Down, but These Numbers Don’t Lie

Source: TechCrunch.

Talking about Apple’s cash pile last month, CEO Tim Cook said at the Goldman Sachs Group, Inc. (NYSE:GS) Technology and Internet Conference, “[C]ash is not burning a hole in our pocket.” Some Apple investors wish it would, though. Hedge fund manager David Einhorn filed a lawsuit against Apple Inc. (NASDAQ:AAPL) earlier this month over what he says is the company’s decision to eliminate preferred stock.

Can the numbers keep going up?
Although Apple’s dominated the tech industry, many are wondering whether the company’s best days are behind it. The mobile space is highly competitive and Apple Inc. (NASDAQ:AAPL) can’t afford to bask in its past achievements. Worldwide mobile device sales are growing, something Apple is particularly strong in, but some investors are concerned that Apple’s product price points won’t adapt to emerging market needs — specifically, a cheaper iPhone. A low-cost (or at least cheaper) iPhone is only part of the equation for Apple going forward, though. Many are waiting for Apple to announce new products, like an Apple TV, to prove that the company can still introduce products that disrupt industries.

Judging by the numbers, Apple is still doing pretty well for itself, despite the lower stock price. Investors should continue to look for new product releases from the company and how it handles itself concerning emerging markets. It’s obvious that Apple Inc. (NASDAQ:AAPL) knows how to create and sell products that consumers want, and there’s little evidence to indicate the company won’t continue down that path.

The article Apple’s Stock May Be Down, but These Numbers Don’t Lie originally appeared on Fool.com and is written by Chris Neiger.

Fool contributor Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends Apple, Goldman Sachs, and Google. The Motley Fool owns shares of Apple, Google, and Microsoft.

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