43% of Warren Buffett’s investment portfolio is now Apple shares

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Buffett
For a man who can't use an iPhone, Warren Buffett sure loves Apple.
Photo: CNBC

A decade ago, Berkshire Hathaway founder Warren Buffett said he just didn’t get Apple. Today, Apple shares make up some 43% of Berkshire Hathaway’s entire stock portfolio, according to a report from Motley Fool.

The firm’s 245 million Apple shares have increased in value by more than $55 billion since the start of 2019 to be worth upward of $91 billion. Still, from an investor’s perspective, it makes you wonder whether you’d be better off simply investing in AAPL itself, rather than paying a fund manager!

Apple stock could reach crazy highs after pandemic recovery

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Time to invest in Apple?
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Apple stock has already recovered to its pre-coronavirus lockdown levels, but according to two investment firms much larger gains are on the horizon.

Speaking with CNBC, Todd Gordon, managing director at Ascent Wealth Partners, argued that Apple could be set to rally an additional 40% from its current share price. That would take Apple to $490 — or $135 above its $355 all-time high.

Holy cow! Apple hits $1.5 trillion market cap [Updated]

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International governments plan to rethink tax rules for the ‘digital age’
Apple share price is well into record territory.
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A jump in Apple’s share price in the past two days pushed it over a milestone: On Wednesday, Apple became the first U.S. company valued by investors at more than $1.5 trillion.

AAPL shares have been on the rise for months. Last week, the stock made up all of the COVID-19-induced losses incurred earlier in the year, then headed into record territory.

Apple share price hits all-time high after recovering from COVID-19 losses [Update]

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Things are looking great for Apple right about now.
Illustration: Cult of Mac

Updated: Apple shares closed at a new all-time high of $331.50 Friday as part of a broad market rally fueled by a strong jobs report. Apple stock has now made up all of its coronavirus-induced losses — and then some.

AAPL fell as low as $224.37 on March 23 as the coronavirus-related shutdowns wreaked havoc on the United States economy. Less than 10 days earlier, Apple had temporarily shuttered all of its stores around the world except for those in China. The company had also revised its earning guidance due to the effects of COVID-19.

Services could help make Apple a $2 trillion company by 2024

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Suddenly that $1 trillion valuation looks pretty paltry.
Photo: Ste Smith/Cult of Mac

Apple was the first public company in history to reach a $700 billion, $800 billion, $900 billion, and $1 trillion valuation. Could it also be the first company to hit the vaunted $2 trillion mark? And, if so, when will this happen?

In a research note to clients, Evercore ISI analyst Amit Daryanani argues that not only can Apple get to this mark, it can do so over the next four years. That would be just six years after it hit $1 trillion for the first time. Today, Apple is worth around $1.3 trillion.

Apple earnings on Thursday: Here’s what to watch for

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Apple will want to quickly forget about its fiscal second quarter earnings results and move on.
Photo: Josh Davidson for Cult of Mac

Apple reports its fiscal second-quarter earnings results Thursday afternoon, and chances are good that Cupertino will be glad to see the first three months of 2020 fade into history.

Having said that, things might not be as bad as many expect due to the ongoing COVID-19 pandemic. Oh, there won’t be any record-breaking figures, but there are some pretty good indicators that the news won’t be all doom and gloom.

As is always the case, though, the devil will be in the details. Apple’s conference call after issuing its Q2 2020 earnings report will be even more interesting than the numbers themselves.

Apple shares shoot up after Trump declares national emergency

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Finally, some good news for Apple this week.
Photo: Apple

President Trump’s declaration of a national emergency provided some much-needed relief to Apple’s stock price just before the market closed this afternoon.

Apple shares jumped up over $20 in value during the last 30 minutes of trading today, just after President Trump announced that the U.S. government will free up $50 billion in federal resources to combat the COVID-19 outbreak.

Apple stock may have further to fall before it’s considered a bargain

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AAPL may not be the best investment right now.
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Apple shares, like the broader stock market, are taking a coronavirus-induced plunge. But when is the right time to buy in order to secure yourself a bargain?

Not right now, claim analysts who spoke with CNBC. Although AAPL is currently down around $70 from its February high of $327.20, analysts think there’s further for it to fall.