In February last year, Apple's share reached USD500, nearly the same cost of Apple's iPad. The stock soared to USD705 in September 2012 before plummeting to USD385 four months ago. Today, Apple's stock price is neck and neck with the USD500 iPad. Analysts suggested a share in Apple is a better buy than its iPad.
"Any Apple product you buy today will only depreciate in value," deal aggregator DealNews.com's senior features writer, Louis Ramirez, said.
Apple iPad and iPhone developer, Will Strafach, said one stock of Apple is definitely a buy than the company's tablet. "(The company is) tremendously undervalued right now because people don't realize how much more there is that will be coming out of Apple in the near and far future."
Analysts seemed confident that Apple's stock would not lose its merit unlike the iPad which would lose its value as soon as the tablet is taken out of its box. Also, the average price target among the analysts in Wall Street is currently more than USD522, a 4% upside to Apple's price last Wednesday.
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