The waves experienced by AAPL (Apple) stock on the stock market in recent months, with its price going up and down between $180 and $150, may not reassure novice investors. But the great connoisseurs of the environment, like Warren Buffet, precisely take advantage of the hollows to bet. The renowned investor has indeed announced that he bought 600 million shares of Apple recently, when the price of it was around $160-150 in mid-March.
He would have liked to buy more, but the stock quickly rose towards $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 of Tim Cook. He believes that the CEO of Apple is a brilliant man and a talented 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 last week published the financial results for the 1st quarter of the calendar year 2022. These highlighted new revenue records, in particular for the “Services” category, but also for all categories combined ( for a first trimester). The company also registered his biggest profits for a first quarter of the calendar year. Finally, we have seen that the Mac is in particularly good shape and underpins revenues that have risen sharply in recent years and the launch of the Apple silicon platform.
If you feel the soul of a Warren Buffet and think that the Apple action could still climb, we advise you to invest via the service Revolut.
Be careful though, investing in the stock market involves risks. Be enlightened on the subject and especially on the companies on which you bet your money.
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By: Keleops AG