Investors swoop in as Apple's faltering makes its stock cheap while risk is lower

Oslo

APPLE Inc losing steam only makes it a bargain. The iPhone maker is cheap and the risk is lower, according to Robert Naess, who oversees 33 billion euros (S$50.5 billion) in stocks at Nordea Bank, Scandinavia's largest bank.

"Apple is boring now," he said in an interview at Nordea's offices in Oslo last Thursday. "Before, there was no stability and growth was too high."