“Shares of Apple rose 2 percent on Monday and were on the verge of a record high after billionaire Warren Buffett talked up his company’s stake in the iPhone maker,” Noel Randewich reports for Reuters. “Apple’s stock was at $179.04, just short of its $179.26 record closing price on Jan. 18 and shaking off a slide of more than 10 percent earlier this month following a lackluster quarterly report.”
MacDailyNews Take: All-time quarterly revenue record of $88.3 billion. Quarterly earnings per diluted share of $3.89, up 16 percent, also an all-time record. The biggest quarter in Apple’s history. Characterized by Reuters as “lackluster.” Fake news.
“In an interview with CNBC on Monday, Buffett said his company, Berkshire Hathaway, had bought more Apple shares than any other stock over the past year,” Randewich reports. “He also praised Apple’s ability to retain customers in its iPhone ecosystem.”
“Berkshire Hathaway disclosed on Feb. 14 that it had increased its stake in Apple by 23 percent, making it the company’s largest common stock investment,” Randewich reports. “The median price target for Apple’s stock has risen from $189.48 to $192.43. At that price, Apple’s stock market value would be $989 billion, compared to $909 billion on Monday.”
Read more in the full article here.
MacDailyNews Take: Did you get in on the early February AAPL discount bonanza courtesy of Nikkei et al.?
Berkshire Hathaway certainly did.
SEE ALSO:
Nikkei again claims ‘weak demand’ for iPhone X despite much evidence to the contrary – February 20, 2018
iPhone X drives smartphone revenue dominance; Apple made more money in Q417 than the rest of the smartphone makers combined – February 16, 2018
Apple iPhone took more than half of worldwide smartphone revenue share in Q417, a new record – February 15, 2018
Will the naysayers admit they were wrong about Apple’s iPhone X? – February 5, 2018
Apple supplier says report of iPhone X production cuts was overstated – January 30, 2018
Another January, another misleading iPhone supply cuts story from Nikkei – January 29, 2018
Apple stock drops after Nikkei report of iPhone X production cut – January 29, 2018
Canalys: Apple shipped 29 million iPhone X units in Q4 2017; world’s best-selling smartphone over the holiday season – January 23, 2018
Reports of Apple cutting iPhone X orders make no sense – January 2, 2018
Apple stock tumbles on one poorly-sourced report of low iPhone X demand – December 26, 2017
Apple and suppliers shares drop on report of weak iPhone X demand – December 26, 2017
Nikkei: Apple to decrease iPhone production 10% in first quarter of 2017 – December 30, 2016
Nikkei proclaims ‘iPhone 7’ Dead On Arrival; bemoans Apple’s ‘lack of innovation’ – May 12, 2016
Japan’s Nikkei, The Wall Street Journal blow it, get iPhone demand story all wrong – January 16, 2013
Did Apple reduce 4-inch Retina display orders due to improving yields? – January 15, 2013
Analysts: iPhone 5 demand ‘robust;’ ignore the non-news noise – January 15, 2013
Apple iPhone suppliers decline on report orders cut by 50% – January 15, 2013
Apple swoon erases $17 billion from stock market – January 14, 2013
Apple iPhone 5 production cut signaling a new product release? – January 14, 2013
Apple drops to 11-month low on old reports of component cuts – January 14, 2013
The strange math of Apple’s alleged massive iPhone 5 component cuts – January 14, 2013
UBS analysts: Apple iPhone component order reduction ‘old news’ – January 14, 2013
Apple pulls down U.S. futures – January 14, 2013
Apple shares drop below $500 after reported cuts in iPhone 5 parts orders – January 14, 2013
Congrats to fellow AAPL shareholders!
Plus the fact that the iPhone X Plus is only six months away from taking over the world.
Managed to get a nice position @160, could have got at better price but I do not complain. Long.
Randewich: “… following a lackluster quarterly report.”
MDN’s take is spot-on, but this kind of crap has been going on for years when the anal-ysts report on Apple.
Chivalry may not be dead, but accurate reportage-based journalism sure is. Journalists today give their opinions more than anything else.
Allowing for splits I bought in at 20¢ a share, wonder if it may be time to take my slight profit? I can’t take it with me in my wooden overcoat.
Come on Nikkei don’t disappoint where is your next doom and gloom report
You do know Warren Buffett uses a flip phone, right?
Berkshire is flush with cash and has few places to put it. They went big on Apple to get the growth they want. Mr Buffet realizes that the walled Garden is an impediment to deeply invested customers switching away from the ecosystem.