Why would anyone "lose" their savings? Is the stock being taken away from people? You do know that stock prices go up and down?
Still too expensive. At $220 I could consider getting back in, but they're currently up 35% in the past year.
Apple's sales volume fell over the last year. Increasing revenue by raising prices is not a sustainable process (and even if it was, it still doesn't justify a 35% increase).
Ok I’ll bite, You're naive if you think that’s the only reason it’s increased. What about wearables such as AirPods and Apple Watch? And services such as Music, the credit card and Apple Pay? Both of which have seen significant growth the past few years?
But no, it’s because of increased prices only according to you.
He owns 250M Apple shares now worth $61B. He and hasn’t sold anything close to a significant portion and any sale was likely from his Lieutenants’ small positions
in AAPL, not the portfolio Buffett himself manages.
That’s what everyone says until it reverses.
It is, in China...which is what he was talking about.
As I said, it was likely not him who sold and there is nothing impeccable about selling such a small percentage of your holdings. He’s still almost 99% long.Cool? I never said anything in my post about it being a significant portion of his portfolio nor did I imply it. I just simply stated he had impeccable timing for the almost billion worth he sold.
Of course if you decided to sell tomorrow, you will rationalize the decision.I’ve been holding since 1998 and will probably sell tomorrow. (Loss carry forwards will prevent a cap gain hit)
I am very pessimistic about recession and unemployment in the next 6-12 months and fully expect we won’t see a huge rollout of new phones for Christmas, especially if we are still going through social distancing. Without a media event rollout and mall stores, sales of the 12 (or whatever) will be tepid. Won’t buy back in until new cases are declining, social distancing has lifted and employment is trending up. Could be 2 months, could be 22.
Revenue, not profit. And iPhone was less than 55% of revenue in 2019. Apple has a $50B services business with 65% gross margins. They also have almost $120B in non iPhone revenue.People have been consistently arguing that Apple is diversifying for the last eight years. It's not happening. The iPhone is still responsible for over 60% of Apple's profits. China still manufactures almost everything Apple sells. The quarter either of those fail, Apple collapses like a house of cards.
Your opinion is likely skewed to the negative because you are the front lines. How many people have you personally seen die from this? Projecting a million deaths in the US is a enormous stretch and pretty much ignores any hope of treatments or vaccines which are already showing signs of progress.I'm normally a contrarian and invest when things are looking bad, and I've done well investing during the 2008 financial crisis. I hate to break it to y'all, but this is much worse than anything any of us has seen. I am on the medical front lines and it is really, really bad. This is not a short or even intermediate term problem. You are going to have hundreds of thousands to over a million dead in the US alone unless EVERYONE changes their behavior. Economic activity is close to a standstill now, and the job losses will start soon, probably in 10's of millions. How many of those people are going to be buying iPhones?