The waves experienced by AAPL (Apple) stock on the stock market in recent months, with its price rising and falling between $180 and $150, may not reassure novice investors. But the great experts in the sector, like Warren Buffet, take advantage of the dips to bet. The renowned investor actually announced that he bought 600 million worth of Apple shares recently, when the price was around $160-150 around mid-March.
He would have liked to buy more, but the stock quickly rose to around $180. For the past few days, however, we have been back below the $160 mark.
Warren Buffet took advantage of this announcement to clarify his impressions about Tim Cook. He believes that the CEO of Apple is abrilliant man and a talent manager.
Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.
Note that the Californian firm haslast weekpublished the financial results for the 1st quarter of the 2022 calendar year. These highlighted new revenue records, particularly for the “Services” category, but also all categories combined (for a first quarter). The company also recordedhis biggest profitsfor the first quarter of the calendar year. Finally, we have seen that the Mac is in particularly good shape and has driven revenues that have been clearly increasing over the last few years and the launch of the Apple silicon platform.
If you feel like Warren Buffet and think that Apple shares could rise further, we advise you to invest via the serviceRevolut.
Be careful though, investing in the stock market involves risks. Be informed on the subject and especially on the companies on which you bet your money.
Also read:
- Why Apple remains a safe bet on the stock market
- Morgan Stanley believes in Apple stock at $200 but not thanks to the iPhone
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By : Keleops AG
Editor-in-chief for iPhon.fr. Pierre is like Indiana Jones, looking for the lost iOS trick. Also a long-time Mac user, Apple devices hold no secrets for him. Contact: pierre[a]iphon.fr.
