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๐ค๐ญWhat Is A ๐ Buy Price For APPL๐โ
@LMSunshine๏ผAs per my post on 1/5, $Apple(AAPL)$ met my ๐-ish expectations for earnings despite all the bad๐๐๐ about ๐ possibly reporting an earning miss. ๐ on 4/5 reported earnings that beat Wall Street's targets for its fiscal 2nd quarter on strong sales in iPhones & services. โญ๏ธ Earnings of $1.52 a share on sales of $94.8 billion for the quarter ended April 1. Analysts polled by FactSet had predicted Apple earnings of $1.43 a share on sales of $92.9 billion๐๐๐ โญ๏ธ On a year-over-year basis, Apple earnings were unchanged while sales fell 3%. It was the 2nd consecutive quarter of sales declines for ๐ โญ๏ธ APPLโs revenue for the quarter ending April 1 was $94.8 billion, a decrease of 3% from the same period a year earlier. ๐ APPLโs services revenue increased 5% year over year to $20.9 billion. ๐ But hardware revenue declined 5% to $73.9 billion. ๐ iPhone revenue increased 2% to $51.3 billion. Smartphones accounted for 54% of the company's total sales in the period ๐ Mac computer sales tumbled 31% to $7.2 billion. ๐ iPad sales declined 13% to $6.7 billion. ๐ Wearables, home & accessories unit fell a fraction to $8.8 billion. โญ๏ธ ๐ ended the quarter with cash & saleable investments $57 billion greater than its debts. ๐ฅณ๐ฅณ๐ฅณ APPL said it would increase its dividend by 4%, to 24 cents per share per quarter. Apple also authorized the repurchase of $90 billion of stock. ๐๐๐ Analysts expect Appleโs operations to produce about $100 billion of free cash flow after capital expenditure over the next 4 quarters, according to Refinitiv๐ฅณ Thatโs nearly enough to cover its newly-raised dividend for a year, & $90 billion buyback program, without touching the balance sheet. Moreover, the company consistently sells iPhones & services faster than it pays suppliers, which adds to its cash cushion๐ ๐ก So after APPL's recent earnings report, should we ๐ฏ๐ฏ๐ฏ buy ๐โ ๐ค๐ญWhat Is A ๐ Buy Price For APPL๐โ To consider this, letโs look at 1 of the top shareholders of ๐, our beloved Warren Buffettโฃ๏ธ โญ๏ธ He acquired 895 Million ๐ shares worth $150 Billion. It makes up 45.82% of their stock portfolio & is their biggest holding. โญ๏ธ His 1st ๐ trade was made in Q1 2016. Since then Buffett bought shares 12 more times & sold shares on 5 occasions. The stake costed the investor $33.5 Billion, netting the investor a gain of 347% so far๐ฑ๐ฑ๐ฑ ๐ค๐ญ In 2022, Buffett added ๐ shares when ๐ had an average closing price between $142.91-$168.16. As such, I would use this range as a guide to Buffetโs fair value of ๐ As Iโm an investor who loves a bargain, Iโll wait for the ๐บ๐ธ recession to hit, ๐ to drop price, then add at $143๐ Fellow ๐ฏ๐ฏ๐ฏ What do you think is a fair price for ๐ before you would enterโVote๐ณ & Comment belowโฌ๏ธ Looking in the short-term, I'm still ๐-ish for AAPL๐ but I'm ๐ป-ish for $Amazon.com(AMZN)$ $Palantir Technologies Inc.(PLTR)$ $Advanced Micro Devices(AMD)$ $Coinbase Global, Inc.(COIN)$ as I foresee that their next earnings will be likely disappointing. Follow me if you enjoy reading analytical stock research๐ presented in a fun & easily understandable way๐ & for the Latest Stock & ๐๐๐ Updates๐ต๐ปโโ๏ธโฃ๏ธ Please help to click on the โLikeโ & โShare/Repostโ buttons at the Bottom Right corner so that more ๐ฏ๐ฏ๐ฏ can access this information, many thanks๐ค๐ฅฐ You will Greatly Encourage Meโฃ๏ธ As usual-๐ค๐ญ Consider POV & Actions of Investors + ๐ฉ๐ปโ๐ป๐จ๐ปโ๐ป Research + ๐FOMO & Greed = Investing Wisely ๐ค๐ค + Accumulating Wealth ๐ต๐ฐ @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_Earnings
๐ค๐ญWhat Is A ๐ Buy Price For APPL๐โDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.