Warren Buffett cuts Berkshire's stake in Apple by 13% as iPhone sales slump

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[victoriaabott]

Berkshire decision may spell doom for apple, nonetheless I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation

[JayJames]

It's not just that phones last longer but the second hand market is becoming strong. When a new generation comes out people are comfortable having a second hand phone that is one or two generations older given how similar iphones have become

[KungPowEnterFist]

I'm surprised he didn't cut more.

[The-Capitalist]

All those people calling him stupid doing this don't realize he's just adding to his cash/fixed reserves. He is expecting a major pullback just like myself. But, the market still has more room to run as they front-run the FED and bad news is good news.

[eyelovecolorado]

Bigger question now is how long will Apple’s cash reserve last? They just used $110B to buy back stock.

[Mrqwa]

Warren already given hints in his shareholders letter this year. Mentioned Apple one time only and it's something about selling

[xxxxl]

they will sell more..PE of 29, no growth, no innovation...extremely expensive

[harlyslamm]

My whole life revolves around APPLE, and I do not see that dollar spent going anywhere else. It will take time for new technology to emerge, but I haven't seen anything that would move me away. Even the Android experience is uneven, I hardly use the Android features I certainly don't pay for any services on the Play store.
I plan to add Vision Pro once it becomes a better price, I would say around the iPad pro price line, but there is still alot of upside on Apple right now...

[ljacobs]

Apple has not been innovative recently. Samsung and Chinese phone manufacturers have far better phones.

[Itsme]

I had the iPhone 6 and I had the iPhone X. I currently have the iPhone just before the latest one. The only difference between the phones the iPhone 6 cost $600 in the current phone cost $1500. There is zero difference in speed, technology or any other BS. There is a huge difference in price. This may slow things down a little.

[chiquita]

Bagholders bought on earnings. Real investors like Buffett know before

[InvestorCenter]

Like this message if you miss Charlie 😇

[TheMjoDoj]

Apple has dedicated $110B into NOT competing with Chinese phone makers so the gap is only going to widen over time. Apple spent $29.91B on R&D in 2023. So that's about 4 yrs of R&D they chose to use to manipulate their stock over improving their products.

[mopthermopther]

iPhone was top dog.
Now it’s a sick puppy.

[vinaygrover]

Sell AAPL is such a foolisshh idea just before June 10

[philipberlanda]

The thing is that phones now cost alot more then they did when they first started making smartphones.

Most people have been priced out of the market. So now people won't buy a new one until they have to.

Also other company's will make there phones software update longer then iphones. The Google pixel and Samsung galaxy s24 now will update for 7 years.

[jarrodmagnusson]

Becky had a wild night, just look at her hair.

[tyroneanderson]

Too bad Steve Jobs is not here anymore

[Anthony-djnd]

Buffet dumping stock. Apple gonna crash

[gainer]

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