Personally, I like Apple iPad very much, even though the selling price is at a higher side in the market. The iPad is known for its transportability. It's easy to carry. Watching videos and television is crisp with the built-in Retina display. And the sleek design, expected from every one of their products, makes it both stylish and responsive.
I believe Buffett action to reduce its position in Apple is nothing serious to worry. Firstly, it is totally normal for someone to lock partial profit especially when you are having good profit and huge position.
I am confident for Apple as it has emerged as a major chip designer in recent years, thanks to the success of its semiconductors that are used in the iPhone, iPads and Mac laptops.
Amid growing pressure due to a slow roll out of AI services, I believe Apple can catch up with their innovative technology which is proven over the past decade! For such, I am long-term bullish for Apple $Apple(AAPL)$
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Stock Analysis: Apple (AAPL)
Business and Industry Analysis: Apple is a leading technology company known for its innovative consumer electronics, including the iPhone, iPad, and Mac. The company has also emerged as a major chip designer, supplying semiconductors for its own devices. Apple's success in the past decade has been driven by its commitment to sleek design, user-friendly interfaces, and cutting-edge technology. The company's focus on AI services and its upcoming product launch event indicate its dedication to staying at the forefront of technological advancements.
Earnings Analysis: Apple's second-quarter 2024 earnings showed a revenue of $90.8 billion, down 4.3% from the same period in 2023. However, the earnings per share (EPS) beat analyst estimates by 2.1%. Looking ahead, revenue is forecasted to grow at an average rate of 5.5% per year over the next three years. Apple's strong financial performance and profitability demonstrate its ability to adapt to market conditions and maintain a solid position in the industry.
Trend Analysis: The current stock price of Apple is $181.71 (USD), with a support price of $171.07 (USD) and a resistance price of $183.87 (USD). The average cost of the stock is $177.05 (USD). In terms of capital flow, there has been a mix of inflows and outflows over the past five days, indicating some volatility in investor sentiment.
Analyst Viewpoints: Analysts have provided a target price range for Apple, with a mean estimate of $202.36 (USD), a low estimate of $164.0 (USD), and a high estimate of $250.0 (USD). The majority of analysts recommend buying or holding the stock, indicating a positive outlook for Apple's future performance.
Recent News: There are several news articles related to Apple. One article discusses the anticipation surrounding Apple's upcoming product launch event, particularly the introduction of new AI features and the potential use of the M4 chip in the new iPad Pro. Another article highlights Warren Buffett's reduction in his position in Apple, but emphasizes that it is a normal profit-taking action and not a cause for concern. Additionally, there are articles discussing Apple's financial results, its positioning in the AI revolution, and the updates expected for its iPad line.
Risk Disclaimer: The information provided above is for reference purposes only and should not be considered as investment advice. Investing in stocks involves inherent risks, and stock prices can fluctuate. It is important to conduct thorough research and analysis and consider your own financial situation before making any investment decisions.
Note: The news articles provided are based on the supplementary information available and may not cover all relevant news. For more comprehensive and up-to-date information, please refer to the stock quote page or financial news platforms.
Very informative