Apple loses its shine: Hides numbers, but investors aren’t fooled
Apple Inc.’s decision to stop reporting how many iPhones it sells landed with a thud.
Apple Inc.’s decision to stop reporting how many iPhones it sells landed with a thud.
As smartphone sales slow, the best path for a brand like Apple is to sell its phones at a premium price. But Apple is going beyond premium-pricing.
The iPhone is a luxury brand. With the most-expensive model priced at $1,000, the iPhone costs ten times more than an entry-level smartphone.
Charlie Munger is described by his family as “a book with ears”. And at the last of the once regular press conferences following the AGM, Warren Buffett said his reading had slowed some, because he then “only” read two books a day.
With global technology stocks enjoying strong returns, the big question is whether another tech bubble is brewing? While some market analysts say ‘yes’, Gerrit Smit of Stonehage Fleming has a different view.
US stock exchange filings for the June quarter show Warren Buffett’s Berkshire Hathaway cashed out its holding in US industrial giant General Electric.
But undeterred by the IBM setback, the Oracle of Omaha Warren Buffett isn’t abandoning tech stocks.
With the current number of Apple shares in issue, $191.79 a share is the magic number. And if White’s analysis bears fruit, 2017 could be the year the $1-trillion mark is reached.
Apple reported falling iPhone sales, highlighting the need to deliver blockbuster new features in the next edition of the flagship device if the company is to fend off rivals like Samsung.
Seeing one of these tech giants disappear seems inconceivable today, but taking a very long view is always a smart idea in the world of business and investing.