Apple has less than a 14 P/E ratio (price to earnings) and sports a 1.77% dividend yield at current pricing - both solid metrics that make the stock quite cheap compared to its tech peers. Add in the 206 BILLION dollars on the balance sheet and Apple is a safe, value investment for the intermediate time horizon. You can own this stock and sleep at night because any dips in the price will be answered by the company using the cash horde to purchase shares.
You can safely buy Apple at current levels.
Short term rating = BUY
Long term rating = BUY