The recent price of Apple stock was $177.79 on August 11, 2023.

Apple reported sluggish iPhone sales for the quarter that ended in June 2023, and the iPhone still constitutes over half of Apple's revenue.

Apple's stock price had a high of $196.45 on July 31, 2023, and this was the highest in the past 5 years.

Using the above information, we can provide insights on the good buy price for Apple stock:

Recent Trading Prices: Apple stock was trading at around $177.79 as of August 11, 2023. If the question is about a near-term purchase, considering recent prices can be beneficial. Both $170 and $160 are lower than the recent trading price, with $160 being considerably more conservative.

iPhone Sales Impact: Given that the iPhone sales represent over half of Apple's revenue and have reported sluggish performance recently, there could be potential pressure on the stock in the short term. This factor might make the case for considering the lower end of the price range ($160) as a more attractive buying point if one believes this trend might continue.

Historical Highs: The maximum price over the past 5 years was $196.45, which suggests that the stock has the potential to reach or exceed these levels. If you're considering the stock's potential upside based on historical performance, even the $170 price point could offer a potential upside.

To summarize, both $170 and $160 are below the recent trading prices of Apple stock. If you're looking for a more conservative entry point and believe there might be more short-term downside due to factors like iPhone sales, $160 might be a better buy price. On the other hand, if you're optimistic about the stock's potential to return to or exceed its historical highs, $170 might be acceptable as it still offers potential upside. Always consult with a financial advisor to get personalized advice for your specific situation.