Is Apple Inc. (AAPL) a Buy After Earnings?

For Apple, an inconsequential quarter

The market was clearly pleased that Apple Inc. (NASDAQ:AAPL)’s results weren’t as bad as feared, and that the company positively surprised on iPhone sales. At the same time, this quarter wasn’t going to make or break Apple either way. The big news investors are waiting for is all about what new game-changing products Apple may have coming, and when they’ll hit the market.

That being said, I think investors should be impressed with Apple Inc. (NASDAQ:AAPL)’s ability to keep printing money without the tailwind of any meaningful product launches in recent months.

Apple Inc. (NASDAQ:AAPL) sold 5 million more iPhones in the third quarter this year than last year. Sales of iPads declined slightly, but Apple’s absurd combination of massive profits, low debt, and moderate capital expenditures means its famous cash pile grew even further during the quarter.

Apple tossed another $2 billion onto its cash mountain, which now stands at just over $146 billion in cash and marketable investments.

Despite the ongoing lull in the company’s product cycle, Apple Inc. (NASDAQ:AAPL) points investors to the fall of 2013 and across 2014 for new products launches. Considering Apple’s remarkable ability to stay afloat and the promise its future gadgets presents, there may be no better time than now to scoop up shares.

Shares are cheap now, but won’t be for long if the company manages to release new products that carry even a shred of the innovative magic that made this company the most valuable in the world.

The article Is Apple a Buy After Earnings? originally appeared on Fool.com.

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