Down 19% This Year, Has Apple Stock Become a Bargain Buy?

Apple (NASDAQ: AAPL) is one of the most valuable companies in the world, with a market cap of $3 trillion. With around 1.5 billion active iPhone users worldwide, it has a massive userbase, which is connected to its vast and growing ecosystem. Warren Buffett once referred to Apple as one of the best businesses he's ever known.Yet, despite all its success, accolades, and seemingly terrific growth prospects, the stock has been struggling this year, down by 19% as of the end of last week. While the company has been falling behind in the race to develop artificial intelligence (AI) capabilities, is that enough of a reason to justify such an underwhelming performance? Or could Apple be one of the best tech stocks to buy right now, given its reduced valuation?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool