Is Apple a Buy?

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With shares of Apple (NASDAQ:AAPL) trading around $529, is AAPL an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

Apple designs, manufactures, and markets mobile communication and media devices, personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, third-party digital content, and applications. The company’s products and services feature the iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and further accessory, service, and support offerings. Apple also delivers digital content and applications through its iTunes, App, iBook, and Mac App stores.

Apple is suing China’s State Intellectual Property Office — the government agency responsible for patent rights protection — over rights to a software related to Siri, reports the country’s official Xinhua news agency via the Economic Times. The Cupertino, California-based company has also named Shanghai Zhizhen Network Technology, a China-based tech company, in its lawsuit. Per Xinhua via the Economic Times, Apple’s case against the State Intellectual Property Office and Shanghai Zhizhen Network Technology will be heard in the Beijing No. 1 Intermediate People’s Court on Thursday. According to Xinhua, Shanghai Zhizhen Network Technology filed its own lawsuit against Apple in 2012, alleging that the voice-recognition software used by Siri infringed on its patented “Xiao i Robot” software. Apple previously asked the State Intellectual Property Office to declare the company’s patent invalid, but its request was refused. According to Xinhua, the case against Apple was heard by a Shanghai court in July. The court announced that it would continue the case at a future date without specifying a time. Apple’s recently filed lawsuit appears to be the iPhone maker’s attempt to end Shanghai Zhizhen Network Technology’s ongoing litigation.

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