Should I buy Apple Stock?

Joe from El Monte, CA

Episode 1416 (1:56:38)

Stocks

Joe wants to know if he should buy Apple stock. Leo says he's the worst person to ask because 1) he doesn't buy tech stock to keep himself unbiased, and 2) he isn't an expert on stock and what to buy. Apple stock is high to begin with and what Apple is really into now is services, not really hardware. They're moving away from computers, too. Take away the iPhone, and Apple is in trouble.

Is there a better smartphone than the iPhone? Leo says that there are better phones out there, to be sure. Or at least comparable. But the next generation iPhone is going to be fantastic and according to recent studies, 70% of iPhone users won't make a switch to Android. That keeps Apple's engine rolling.