When reading a post with a keyboard, you can type the keys , and . to move backwards and forward between posts! You can also press 'return' to read through posts one at a time. There's freedom in Shrewd'm!
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 4
No. of Recommendations: 1
I sold a large Apple position in the 190s
Acquired lower than Warren's cost basis.
had mixed feelings but was expensive compared to the market. China risk. Taiwan risk.
too reliant on iPhone
What a run tho.
I suspect Warren is selling down the position.
No. of Recommendations: 0
Thanks good stuff!
No. of Recommendations: 0
BRK Apple position was only reduced by 1.09% 4th Qtr 23
No. of Recommendations: 0
Yes and we will see what else has bee sold.
almost no mention of apple in the letter
No. of Recommendations: 0
I haven't watched the link, but do have some Apple concerns. I'm not sure about the Taiwan risk, my belief is that a destroyed Taiwan is of vastly lower economic value to China than a Taiwan that continues as it currently exists. I think China recognizes this as a risk to attacking, and so would only attack Taiwan in a way that keeps factories and businesses operating.
Besides physical iPhone sales, Apple makes a lot of money from the App store where they make a percentage from app sales and in-app purchases. This was recently under attack with Epic Games in the US and Europe. In Europe courts ruled that Apple must allow other App stores access to the iPhone. This hits them where it hurts the most. If app availability on competing app stores expands, it has the ability to hit Apple's margin hard.
No. of Recommendations: 4
Thanks for the link. Owned Apple since 2006 and trimmed 5% in the 190s. Nice to hear disconfirming discussion as I am certainly biased, but I continue to believe WEB is Not eager to sell it in a meaningful way given the brand, mind share, ecosystem, mgt, AI, balance sheet and treatment of owners, but who knows? Still drinking the Kool Aid & like the position but may be wrong!
From Apple.com:
“The Company posted quarterly revenue of $119.6 billion, up 2 percent year over year, and quarterly earnings per diluted share of $2.18, up 16 percent year over year.
“Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO. “We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the pursuit of groundbreaking innovation — in line with our values and on behalf of our customers.”
“Our December quarter top-line performance combined with margin expansion drove an all-time record EPS of $2.18, up 16 percent from last year,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated nearly $40 billion of operating cash flow, and returned almost $27 billion to our shareholders. We are confident in our future, and continue to make significant investments across our business to support our long-term growth plans.”
No. of Recommendations: 1
I now skim watch most of their discussions as part of my general watching / reading, find it adds to my tech insights in particular and provides avenues for further reading / research.
No. of Recommendations: 9
I agree. Considering that AAPL is one of the four pillars of the company along with Insurance, BHE and BNSF I almost think that AAPL might be considered a permanent holding much like AXP and KO.
No. of Recommendations: 0
Still a good business. My fag packet on it (with a more rational market) would be a fair value at 20FCF x TTM 6.81 x 20 equates to 136 so 20% overvalued atm.
