Buy Apple Stock Now: Experts See Opportunity in Dip

Apple's shares have taken a hit since its latest earnings release, but experts believe now is a good time to buy. The company reported a strong quarter, with revenue up 16% year over year to $109.4 billion.

The iPhone remains Apple's largest segment by sales, and recent quarters have shown impressive growth. The latest model, the 17, has driven a solid renewal cycle, and Apple is reportedly working on a foldable version of the device, which could expand its installed base and drive even more impressive sales growth.

Apple's installed base reached an all-time high during the third quarter, with around 2.5 billion active devices in circulation. This large user base generates significant amounts of data, making it a powerful advantage for the company as it looks to capitalize on AI.

Additionally, Apple has been returning capital to shareholders through its dividend and share buyback programs. The company offers a forward yield of 0.4%, but has increased payouts by 89.5% over the past decade.