$Apple(AAPL)$ Three reasons I'm still looking at AAPL on this pullback.

The iPhone is still the core of the business and it's performing well. The iPhone 17 is driving a solid renewal cycle and helping Apple put up some of the best year-over-year revenue growth it's seen in a while. With the right tweaks and features, Apple can still convince millions to upgrade or switch over. There's also talk of a foldable iPhone in the works, which could open up a meaningful new segment given how well some foldables have done elsewhere.

The installed base hit a new high across all categories and geographies in the third quarter. Around 2.5 billion active devices is a massive ecosystem, and under a new CEO I'd expect a stronger push to monetize it. That could mean better AI features tied to subscriptions, or deeper AI integration across health, fintech, and other areas that makes the existing offerings stickier.

Shareholder returns are another piece. The forward yield is only 0.4%, but the dividend has grown by 89.5% over the past decade. Plenty of cash to keep that going. The buyback program adds another layer of capital return that makes the stock worth a look.

Third quarter revenue came in at $109.4 billion, up 16% year over year, and EPS was $2.02, up 29%. The results were solid, but the stock dropped on soft guidance tied to supply constraints. That feels like a near-term issue, and the long-term setup still looks attractive to me.