Apple is still a Buy

Apple beat its own revenue and earnings record yet again.

I think the company is in a very strong position and the lackluster share performance after the report is a reflection that people are looking for a reason to be bearish on the stock.

Apple yields 1,56% and has a price/earning of around 14, which is very cheap based on the position of the company, its growth which is still double digit and its stellar brand.

Apple continues performing extremely well in China and they continue expanding their ecosystem. This quarter with the Apple Music subscription product. Their cash position of 200 billion $ is also extremely atractive and we believe that it will lead to increasing dividends and stock buyback the coming years. I still accumulate Apple shares and see no slowdown in its business following this quarter.