“Apple has massively rewarded those who took the risk of owning the stock over time. We also know that Apple shareholders have had some nervous years along the ride,” Logan Kane writes for Seeking Alpha. “Despite the volatility seen in the stock, the company’s fundamentals are solid.”

“The volatility has a lot to do with who your fellow shareholders are and not as much to do with Apple’s profits and revenue,” Kane writes. “While Apple hasn’t done what I initially expected it to do this fall, the stock is an even better long-term buy now than it was a couple of months ago.”

“To illustrate this point, I built a graph of the last 10 years of Apple which shows the cumulative drawdowns in the stock. During this time, had you bought and hold AAPL, you’d be up over six times your original investment plus dividends, even after the 20+ percent drop since the most recent high,” Kane writes. “During this period, you would have had to endure drawdowns of 60 percent during the 2008 crisis, 40 percent in 2013, close to 30 percent in 2016, and over 25 percent now.”

Read more in the full article here.

MacDailyNews Take: Smart investors can tune out the specious noise.

SEE ALSO:
Analysts see Apple’s long-term potential despite recent overwrought selloff – November 30, 2018
The pessimism and hypocrisy surrounding Apple is endless – November 28, 2018
In the darkest hour of Apple’s ‘white-knuckle period,’ some investors are loving it – November 21, 2018
Poor news curation at Bloomberg, CNBC, Reuters created misleading iPhone supply chain panic – November 19, 2018
WSJ: Apple slashes production orders for all three new iPhone models – November 19, 2018
Misreading Apple’s supply chain and iPhone XR demand – November 15, 2018
Apple: Ignore the noise – November 14, 2018
Dialog Semi says not seeing hit to demand from Apple – November 14, 2018
Don’t panic about iPhone sales just yet – November 14, 2018
Apple stock: This is not a repeat of 2015-16 – November 14, 2018
iPhone XR production cuts not due to soft demand – analyst – November 10, 2018
Apple’s Asian suppliers fall on report of canceled iPhone XR production boost – November 6, 2018
Nikkei claims iPhone XR production cuts, Apple stock drops over 3% – November 5, 2018