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Technology Stocks : Android OS - GOOG
GOOG 287.41-1.5%3:59 PM EST
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To: sylvester80 who wrote (6066)12/1/2012 12:10:56 AM
From: puborectalis1 Recommendation  Read Replies (1) of 6432
 
Short-term concerns aside, Apple has proven throughout the past decade that it has the ability to build on past success and move in new and unexpected directions. Moreover, it has huge companies banking on its future, with Sprint Nextel (NYSE: S ) continuing to work off its commitment to sell $15.5 billion in iPhones over a four-year period. Verizon (NYSE: VZ ) has also been more than willing to accept weaker margins in order to compete with rivalAT&T in attracting Apple-device customers.

For retirees and other conservative investors, the introduction of Apple's dividend earlier this year was a huge step in the right direction. Even with its big gain in stock price, Apple's recent correction leaves it at attractive valuations, and the company still has substantial growth prospects even in a highly competitive industry. If Apple has ever interested you as an investment, now is a sterling opportunity to consider adding it to a long-term portfolio.

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