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Apple's Stock Price Reaches All-Time High as Warren Buffett Continues to Praise Company
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Great, 1 Trillion Company.
By the way, this is the official Mac mini research and development center:
Currently hosting one junior engineer (60.000$ annually) and two interns (work for free).
This is all, that "AAPL-OTC inc." (One Trillion Company) is currently investing in new Mac mini.
By the way, this is the official Mac mini research and development center:
Currently hosting one junior engineer (60.000$ annually) and two interns (work for free).
This is all, that "AAPL-OTC inc." (One Trillion Company) is currently investing in new Mac mini.
When Buffet praises Apple and how their management team perform, he is really talking in financial terms - likely very little to do with products. He likes the fact that they are using their cash hoard to fund share buybacks which raise the value of the shares very quickly along with the increasing dividend payouts.
In terms of products, we've all seen a downturn in the innovation and upturn in the price gouging over the last few years. However, I think they've become the go-to option for the mainstream. Need a new phone - look at iPhone first, need a tablet - either iPad or iPad Pro; considering a smart-watch/fitness tracker - the Apple watch is the best player by far; want a steaming box - Apple TV is the one to beat; Need a new computer - this one's up for debate these days, but I think most people would still consider a Mac. Add in all the services such as iCloud, Apple Music etc and even if the 'pro' crowd desert Apple, they'll still do well (finanacially)!
In terms of products, we've all seen a downturn in the innovation and upturn in the price gouging over the last few years. However, I think they've become the go-to option for the mainstream. Need a new phone - look at iPhone first, need a tablet - either iPad or iPad Pro; considering a smart-watch/fitness tracker - the Apple watch is the best player by far; want a steaming box - Apple TV is the one to beat; Need a new computer - this one's up for debate these days, but I think most people would still consider a Mac. Add in all the services such as iCloud, Apple Music etc and even if the 'pro' crowd desert Apple, they'll still do well (finanacially)!
I still think we are in a tech bubble at this time. WB sees Apple as a company like Gillette; you buy the handle/phone then spend rest of your life buying new blades/apps etc.
It’s all very well buying into anything WB buys and gaining from that but WB won’t be around forever to help prop it up.
People telling other people to buy Apple because it is going to keep going up, are similar to those who told people to keep buying Bitcoin for the same reason.
A wise man once said something about being fearful when others are greedy.....
It’s all very well buying into anything WB buys and gaining from that but WB won’t be around forever to help prop it up.
People telling other people to buy Apple because it is going to keep going up, are similar to those who told people to keep buying Bitcoin for the same reason.
A wise man once said something about being fearful when others are greedy.....
I specifically remember I read that Buffet does not invest in tech. companies because he does not understand the market or how technology works. I believe because of this he missed big time to invest early on in 99-2000 where the really stock price jumps happened.
Buffett isn't playing the same game you think he's playing. He still eat's breakfast a McDonald's. He uses McD's coupons and still lives in the same house he bought in 1958 (https://www.cnbc.com/2017/02/17/war...r-bill-gates-mcdonalds-meal-with-coupons.html). Doesn't seem like he care's all that much about making lots of money.
It seems more like Buffet is playing this like an actual game, for fun.
At this point in his life you're likely right. Considering he's also said that he (like Gates) has intention of essentially giving all his wealth away to charities, he's basically playing for fun at this point in his life.
Just more proof Apple needs to support their views they don't need servers, displays, desktops, routers, iPad Mini, small iPhone...
Actually, I think he does it for fun. He certainly does not use his earnings to live like a fat cat. He drives the same old Volvo and lives in the same old plain ranch-style single family home he's always had.
And your comment proves that savvy marketing, myth creation, and public relations campaigns do actually work. Warren Buffett is the ultimate financial insider, and has been for over a decade. His carefully-crafted "aw-shucks" image and public persona belie the hard-edged reality of the way he has conducted himself behind the scenes while amassing that fortune.
Nice! I contribute every month to Apple, on top of my other "safe" investments such as MF's. I consider Apple my "fun" money investment, money I can afford to lose, but would be nice if it valuates over time. Of course I also indirectly invest in Apple through BH stocks and tech MF's.
Except other investors don't take note of Buffett's actions because he's wealthy. They take note of his actions because they made him wealthy. He was not born into money. Everything he has is due to his own wits. That's why people follow him.
You obviously have not used Android or Windows lately. Or, maybe, you have only used them, and been hanging out here to troll.
Right, says the guy that probably doesn't have .01% of the investment skills... or capital gains... as Mr. Buffett. The irony here is that you actually believe Buffett's homespun explanation and that he didn't actually have his team do any due diligence.
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I'm sure you're right. Pretty sure that's how you get to having a net worth in the $80bn range. Back in the day, I'm sure he was formidable hard-a** in the board room. And I'm sure he can still be that way. But in reading some of his more recent interviews, it seems like he's gone from "playing for money/ playing to win" to "playing for fun".
I'd say the same thing for Bill Gates. No way I would have liked sitting across the boardroom table from Gates in the early/mid-90's. But since he's "cashed out", he seems like he'd be a really cool guy to hang out with.
Basically, I agree with everything LordVic commented a few posts above yours.
What difference would that make? He's not basing his investment on 1st hand use or emotion. He see's ever increasing subscription revenue. The fact a given version of iOS or Mac OS may not be that great has little bearing on that. It would take several unusable iterations of iOS for iPhone users to bail in any meaningful number to affect subscription services revenue or even iPhone sales.
Well, they’re not a charity. At least that’s more than they’re investing in the G5 PowerBook.Great, 1 Trillion Company.
By the way, this is the official Mac mini research and development center:
Currently hosting one junior engineer (60.000$ annually) and two interns (work for free).
This is all, that "AAPL-OTC inc." (One Trillion Company) is currently investing in new Mac mini.
Speculation is called
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Don't confuse success with luck. Prior earnings don't guarantee future ones, this is a karma that any investor knows.
Understanding the risks of APPL is in fact making a bet of the behaviour of other investors and being lucky, pretty much like gambling.
Will he also praise the company the day before he intends to sell a large portion of such investment? Probably not, because like any investor, his goal is to buy at a low price and sell at a high price. Call it APPL or AMZN. His praising comments are solely aimed at a higher valuation of his investments, which is obvious anyways. You would not comment negatively on your own investments, unless you are selling at that right moment.
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A scoop of Ben and Jerry's in D.C. is $8. A cupcake is $3.50. But can't complain because those prices make it easy to pass when walking by.
I am a shareholder and long time user. I still use Apple products in addition to PCs. I think a lot of folks can recognize that financially Apple is killing it because they are walling the garden higher, cutting out beautiful but costly products (AirPort, Mac line), etc. Some of us are in a weird position of realizing we are a minority of users who love the beauty of technology integration cross-device and those of us who hold shares and enjoy the surging financials of a company that is shifting to consumption of media at a cost. I think the answer lies somewhere in between. Not everyone is a shill one way or the other.
Apparently he\she has some insider information they don't want out about the fragility of AAPL. Maybe a "shorter" of AAPL My IRA sure is enjoying the uptick though.
