$Apple(AAPL)$Apple (NASDAQ:AAPL) stock has fallen more than 17% year-to-date (YTD). And this is after a much-needed 8% rise last week. The rise may be because some optimism is creeping back into the market, or it may be short-lived. The market will likely continue to be tumultuous. I would not be surprised to see Apple stock retest its recent lows shortly, and many Seeking Alpha contributors are bearish. Even Michael Burry (of The Big Short) has hedged with Apple put options. But this is likely a short-term play.

What about the long-term investor?

Warren Buffett purchased another $600 million worth of Apple in the first quarter of 2022, so there is a little battle of the titans happening. Buffett mentioned that he would have purchased more, but the price rose. $600 million amounts to little more than a rounding error on Berkshire's (BRK.A)(BRK.B) total Apple ownership of around $159 billion. But it offers a tremendous clue as to where he sees fair value in the stock. The Q1 2022 low price was just over $150 per share.are.