Apple Inc. (NASDAQ:AAPL) is lagging the market, and it has been for a couple of years now. That — and Apple’s streak of revenue declines — makes one wonder whether AAPL stock will ever really be a growth issue again.

Here’s where my mind wanders:

My 21.5-inch iMac entered its sixth year of service this summer, and it’s starting to feel its age. Once upon a time, when I got this bad boy, I was convinced that Apple could do no wrong. I loved to flaunt that in the face of my brother, a staunch Windows enthusiast.

Fast forward to today, and like every computer on this planet that gets old, it has slowed to a crawl. I’m now forced to watch that spinning beachball of death tell me my iMac is busy and might never get free.

Yes, I realize there are ways of reducing that condition, but a tech nerd I am not. I’m all about business models, sustainable growth and bottom lines. I couldn’t tell you the difference between my iMac and one sold in 2013. But what I can tell you is that Apple still has a few tricks up its sleeve when it comes to hanging on to market share.

The wily old veteran of the tech biz still is a good play in my opinion. Here are three reasons investors should own AAPL stock.

MacBook Pro

I’ve been itching to replace my iMac for a couple of years, but every time I think about spending Apple-type money for a new machine, I fondly remember all the good times I’ve had with my existing desktop. Itch goes away.

I then think about how nice it would be to tap out a 600- to 700-word article in my local coffee shop surrounded by people, not cats, where the energy in the room drives my creativity through the roof. The problem is I only have an iPad Mini, and even with the accessory keyboard you can buy, it hardly seems like the tool used by a so-called professional.

However, I do believe a compromise has recently arrived. Apple introduced its new MacBook Pro on Oct. 27. InvestorPlace contributor Brad Moon highlighted all the details the very same day. One particular sentence caught my attention:

“The new MacBook Pro is significantly thinner, lighter and more powerful than the previous generation.”

I’m almost sold.

Forbes contributor Ewan Spence has written a nice piece about Apple’s latest product launch and its ultimate success. He reasons that MacBook Pro sales in the first two weeks have been significant due to “pent-up demand” (his words, not mine) given there’s been no real update in the product over the past few years.

And here’s where Spence makes case for buying AAPL stock:

“The consumers who want a solid, dependable, and fast machine… are happily buying the latest MacBook Pro. Whether Apple’s sacrifice of its core market [professionals] to reach the masses is worth it will become clear over the next few years. Short- and medium-term prospects look rosy. Long-term will be a question for another day.”

I’m one of the masses.

AAPL didn’t start to do really well until it introduced products such as the iPod and iPhone that leaned toward regular Joes and away from a niche audience. If this is selling out, Apple ought to consider doing it more often.

Samsung Has Its Hands Full

First, Samsung’s (OTCMKTS:SSNLF) phones started catching fire — so much so that the conglomerate was forced to permanently discontinue its Note 7 phones, slicing $18 billion off its market cap and likely resulting in almost $3 billion in losses for the company. Then its top-loading washers started exploding, and it was forced to recall 2.8 million washing machines.

“Customers to Samsung: Get your shit together” is an actual headline CNET recently used for an article summarizing the level of discontent consumers have for Samsung at the moment. It kind of paints a picture.

Why do I mention this?

InvestorPlace feature writer Dan Burrows discussed the ramifications of a Trump presidency the day after the fateful result, recommending that investors not rush to any conclusions whether you own AAPL stock or are thinking of buying. Good advice. But what really caught my eye was a comment after his article by reader macnificentseven48. I’ve cut it down to include just the most relevant parts:

“Apple stock is a dog. Tim Cook is the only major tech company CEO who can’t find some new side business to boost revenue. He thinks selling more iPhones is always the answer. There’s simply no good news for Apple on the horizon. I’m glad I’m getting the dividends but the share price continues to stagnate while all the other tech companies’ share prices are soaring.”

Really.

Macnificentseven48, have you looked at the share price of Samsung lately? Maybe you’d like to collect dividends from Samsung instead?

Since Tim Cook became CEO on Aug. 24, 2011, AAPL stock has generated a cumulative total return of 100.6%; the Technology SPDR (NYSEARCA:XLK) over the same period checks in at 390 basis points less or 96.7%.

Apple’s doing just fine.

Apple’s Overseas Cash

Trump’s victory has created some renewed buzz around his one-time, 10% repatriation tax that would allow Apple to bring home roughly $194 billion in overseas cash (after-tax) to use for dividends, share repurchases, etc.

I’ve never been a fan of companies piling on debt to repurchase stock because they can’t (or more accurately, won’t) repatriate overseas cash given the 35% corporate tax rate they’d face as a result. To me, it’s un-American, and I said as much back in 2012.

AAPL generates a ton of free cash, so even if it paid 35% on the $212 billion in overseas cash, it still would have $138 billion to allocate elsewhere, and the U.S. Treasury would have $74 billion additional dollars to help all those poor disenfranchised Donald Trump voters in Ohio and elsewhere.

So, why do I view this as a positive?

Ultimately, whatever cash comes back to the U.S. is better than none. Further, if it allows Apple to go back to being a debt-free company, all the better for Apple stock holders, because eventually interest rates will go up.

Bottom Line on AAPL Stock

Apple’s products might not be hitting any home runs these days, but it’s a heck of a lot better than having phones and washing machines that are blowing up on customers.

For this reason, I believe AAPL stock is still a good play.

As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.