Why It Makes Sense to Buy Apple Stock Right Now

Apple (NASDAQ: AAPL) will release its fiscal 2021 fourth-quarter results on Oct. 28, which means that investors on the hunt for a fast-growing company trading on the cheap may need to act quickly, as the smartphone giant seems on track to report a solid set of numbers that could help arrest the recent slide in its stock price. As seen in the chart above, Apple stock has slumped over the past few weeks despite reports that its latest iPhone 13 models are reportedly in greater demand than last year's lineup. Let's look at the reasons why savvy investors should consider taking advantage of the pullback in Apple stock.