Shoppers pass in front of an Apple Inc. store at The Mall at Short Hills shopping center on Black Friday in Short Hills, New Jersey, U.S., on Friday, Nov. 29, 2019. Gabby Jones/Bloomberg via Getty Images
Gabby Jones | Bloomberg via Getty Images
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Apple's copious cash on hand to repurchase its shares makes it an attractive stock to own even as the coronavirus wreaks havoc on its supply chain and global iPhone demand, according to Bank of America.