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Even With Revenue Dip, Apple Stock Is Still a Winner

The hand-wringing continues over Apple's (AAPL - Get Report) disappointing fiscal second-quarter results released Tuesday, which showed that the company's revenue fell for the first time in 13 years as iPhone sales slumped.

Last year was a stellar year for Apple, which makes any shortfalls at the company seem doubly disturbing.

But is Apple really on a permanent downward slope? With its $233 billion cash war chest, Apple is still a formidable entity that simply needs breathing room, and the stock looks like a long-term winner.

It's easy to put Apple in the same category as Google-owner Alphabet (GOOGL - Get Report) and social-media company Twitter (TWTR - Get Report) , both of which reported results that missed expectations. But that wouldn't really be a fair comparison.

Apple, Alphabet and Twitter are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells AAPL, GOOGL or TWTR? Learn more now.

Must Read: How High Can Facebook Go -- and How Low Can Apple? Plus Jim Cramer's Take

Although the halo above Apple has dimmed, due to its slowing iPhones sales and the tepid response to the Apple Watch, consider the fact that the company's products have never been successful in the first few quarters after their launch. Apple is...