Apple $AAPL closed under the 200D SMA for the first time since October.
The $180 support area is key to watch. If it goes, could it take the rest of the market with it? Source chart: Trend spider
Apple marketing philosophy
Just perfect. Source: Linas Beliūnas
Legendary Investor Warren Buffet’s Updated $347 BILLION Portfolio - sold some Apple shares
Warren Buffett's Berkshire Hathaway sold off about 10 million shares or almost $2 billion of Apple stock in the final quarter of 2023, according to the firm's 13-F filing. Berkshire also sold off the majority of its position in HP and about half of its shares of Paramount Global. The firm boosted its positions in Chevron and Occidental Petroleum, as well as Sirius XM Holdings. Berkshire exited large positions in StoneCo and D.R. Horton, as well as two smaller positions in insurance firms Globe Life and Markel. Source: Creative Capital, Reuters
Beware of magazine cover page...
On this day in 1996: Apple cover story “The Fall Of An American Icon.” Source: Jon Erlichman
Apple has bought back $619 billion in stock over the past 10 years
Which is greater than the market cap of 492 companies in the S&P 500. $AAPL Source: Charlie Bilello
In 1997, Apple lost $1 billion. Today? $1 billion in profit every 3 days.
Source: Jon Erlichman
Apple reported fiscal first-quarter earnings on Thursday that beat estimates for revenue and earnings, but Apple showed a 13% decline in sales in China, one of its most important markets.
Apple shares fell over 1% in extended trading. Here’s how Apple did $AAPL Apple Q1 FY24 in a nutshell: • Revenue +2% Y/Y to $119.6B ($1.3B beat). Services +11% Y/Y to $23.1B. Products +0% Y/Y to $96.5B. • Operating margin 34% (+3pp Y/Y). • EPS $2.18 ($0.07 beat). • $20.1B in buybacks and $3.8B in dividends. Source: App Economic Insights
JUST IN: APPLE NOW PLANS CAR FOR 2028 WITH LESS AMBITIOUS AUTONOMY GOALS
Apple $AAPL reportedly now plans to launch its Apple Car in 2028 at the earliest back from 2026 and will now use a Level 2+ autonomous system down from its previously planned Level 4 - Bloomberg. source: Evan @ StockMKTNewz
