Apple (NASDAQ: AAPL) is an absolute must-own stock, recession or not. The company is growing its business at a time when others are retrenching. It's the best of the best, and there is more growth to come.
Apple continues to see penetration in the personal computer market as its products are more desirable to former PC users. Its innovations with iTunes and the iPhone have changed markets entirely.
What investors fail to realize is that a recession is not the death of innovation. In fact, one could argue that out of difficult times come the best innovations. I fully expect more unique products from AAPL as time goes by. This recession will not slow them down in the least.
Not even the health issues of founder Steve Jobs will prevent this company from doing well. AAPL is a recession-proof stock to own no matter who is at the helm.