Buffett secretly sell Apple again? Or market unsatisfied with iPhone 16 sales?

Last Friday was supposed to be a great day for $Apple(AAPL)$, with the new iPhone launch and quarterly adjustments. Before Friday, the stock had risen for three consecutive trading days, and the trading session that day was also looking good.

However, in the last 15 minutes before the market closed, $Apple(AAPL)$ dropped about 2%, with a staggering 120 million shares (worth $27.4 billion) traded in the final minute!

With such a large volume, many are speculating: could Buffett be secretly selling Apple again?

In addition to the possibility of Berkshire shorting the stock, there are a few other theories:

1, the triple witching effect, where large investors are adjusting their options;
2, some actively managed funds might be using this predictable liquidity to reduce their holdings ahead of rebalancing;
3, iPhone 16 sales may not meet expectations.

Analyst Ming-Chi Kuo from Tianfeng International Securities released a report on Monday estimating that the

iPhone 16 series pre-order sales over the first weekend were about 37 million units, a 12.7% decrease from the iPhone 15 series last year, with the key issue being lower-than-expected sales of the 16 Pro.

Barclays, JPMorgan, and Bank of America have also noted that shipping times could indicate reduced demand for the iPhone Pro models compared to last year.

Do you think the drop is due to sale of Buffett or iPhone 16 sluggish sales?

Are you planning to upgrade to the iPhone 16?

Leave your comments to win at least 5 tiger coins~

Buffett Holds a Record Cash Pile: Any Thoughts on Apple and Market?

Berkshire Hathaway reduced its holdings of Apple stock by nearly half in the second quarter and further reduced them by about 25% in the third quarter. This has left the conglomerate with only a small fraction of the Apple stock it held at the beginning of the year. Previously, Apple fell after earnings. Berkshire's cash reserves have reached a record high. As of the end of the third quarter, the company held $325.2 billion in cash. ---------- Has the moat of Apple disappeared or not? How will the stock move? Is a bear market coming as Buffett holds record cash pile?

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Comments

highhand
09-25
highhand
no lah... Apple stock go up so high liao... sure have to come down right? what goes up must come down. Law of gravity. Plus market makers selling off so that they can buy back at lower prices from retail market. Same old game over and over again...
KY91
09-26
KY91
Great article, would you like to share it?
KSR
09-25
KSR
👍