Trading under $100 a pop, Apple stock may be more accessible to individual investors, but BGC Financial Senior Technology Analyst Colin Gillis isn't recommending it.
Gillis, who has a "hold" rating and a $78.57 price target on the stock, questioned the long-term prospects for Apple on Monday's "Fast Money."
"I would not be chasing it here," he said. "My main complaint or concern about Apple is that it's still a hardware company... They are weak in the services layer."
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Gillis is taking a wait-and-see approach to Apple and wants to see how the rest of the month shakes out.