New hit products could provide some upside for Apple but aren't needed to support the current valuation, says Morningstar's Brian Colello.
Despite a mixed bag in the tech giant's fiscal first quarter, the firm's growing earnings power makes Apple shares attractive, says Morningstar's Brian Colello.
Apple's gross margins likely will shrink over time, but the market is underestimating the long-term potential of the iPhone, says Morningstar's Brian Colello.
Some upside remains in Apple shares, but the acceleration of the iPhone and iPad businesses has sent the stock closer to fair value, says Morningstar's Mike Holt.
Greed trumps fear in several pockets of the tech sector, but buying opportunities can still be found.
Companies that keep people connected to their devices will succeed.
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