Apple: No Reason For The Love

Summary:

  • Apple reported solid growth for FQ4, but the company guided to disappointing FQ1 sales growth.
  • The company only recently released Apple Intelligence with a lot of features not released until 2025, likely limiting AI iPhone demand.
  • Berkshire Hathaway continues unloading shares with the position down to only 300 million shares now.
  • AAPL stock trades at 30x forward sales, which remains far too expensive for a tech stock only expecting minimal growth.

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Apple Inc. (NASDAQ:AAPL) just warned that the key holiday quarter wouldn’t meet estimates, but the stock mostly blew off the miss. The tech giant recently launched a once promising new smartphone with AI, yet the quarterly results


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