Yes lots of cash, but also lots of debt on hand.
Furthermore, higher rates = stronger dollar = less profits from overseas sales.
They can't monetize their products.
They can't negotiate with Big Pharma.
They can't support their own stock price. AT least show confidence by have officers and directors take a larger stake.
Oust them now! The whole lot!
We have begun a trade war yesterday with china, raising tariffs an astounding 522% on iron.
China announced that it's #$%$!
What if they do the same against Apple?
That would be an arrow into the heart of Wall Street. But maybe that's why many big funds are unloading Apple. Warren will be the stooge.
Sure, in 10 years he may be right. But can you afford to wait that long? I can't.
Look at the text of what he's saying. Forget that it's Cramer.
If it makes sense, take it into account.
If not, ignore it.
Don't shoot the messenger.
Sounds more like everyone else on this board.....simply looking for some reassurance that their positions are valid.
"Here's Why You Shouldn’t Follow Warren Buffett Into Apple
A maturing smartphone market and problems in China make Apple a terrible buy right now, even if Warren Buffett doesn't think so."
Samsung making strides to capture smartphone market in Asia while Apple innovates (sarc) with size of iPhone.
"Samsung strikes a deal
It’s now easier for people in China to use Alipay on their Samsung phone. Users can access their Alipay account directly through Samsung pay. How will this move help Samsung get a stronger footing into the world’s largest smartphone market?
Apple is giving their stores a new look. The Apple Store in San Francisco has been renovated with many new designs. What are some of the updates that are going to be rolled out worldwide?"
How about this?
Don't know how to interpret this, but I don's subscribe to RanSquawk
"05-19 16:09: NYSE closing imbalance: 17/30 for sale in the DJIA, according to..."
Hedge Funds Have Been Dumping Apple Like Crazy
Hedge funds unloaded more than $7 billion worth of Apple (AAPL) stock during the first quarter, according to 13-F regulatory data compiled by FactSet.
So much for Warren's $! billion purchase
My opinion.....Warren's already out of Apple.
Apple (AAPL) : The stock of Apple remains the worst loved piece of paper out there, Cramer told viewers. Even after the markets learned Warren Buffett took a 9.8 million share stake in the company, the response was still decidedly negative.
The markets continue to have a love-hate relationship with Apple, Cramer explained, and even the analysts aren't sure what to make of the company's recent weaknesses. Apple outperformed for ages, he said, but admittedly the stock has been a dog for the past year.
Even CEO Tim Cook's recent appearance on Mad Money was met with skepticism by the same analysts who continue to have a buy recommendation on the stock. With friends like those, who needs enemies?
Cramer said the bottoming of a stock is a process, and only when the analysts begin downgrading can that process complete. So until we see some of the long-time Apple bulls turn their tepid buy recommendations into holds or sells, Apple will continue to be a tough stock to own.
Apple Has Reportedly Started Production On iPhone 7
Apple (AAPL) may have started production of its next-generation smartphone, according to media reports.
Consumers are postponing iPhone purchases ahead of the iPhone 7 launch, Canaccord Genuity analyst Michael Walkley said in a research report Monday.
-according to WHAT media sources?
-furthermore, last I heard, a few days ago, the upgrade cycle is declining massively. Consumers are not running out and upgrading their phones like they used to. Apple or any others.
Not saying it's a bad company. It isn't.
Just saying it's over priced.
BMW is a fine car. Would you buy it for $200m? How about $500m?
Of course not.
That's my thinking.
Berkshire Hathaway Inc.'s new stake in Apple Inc. is a bright spot in an otherwise dismal few months for the tech giant. Analysts at Canaccord Genuity Inc. are telling clients that iPhone sales, which have been struggling, aren't going to get a boost this quarter.
Much was made of Berkshire's unexpected infatuation with AAPL yesterday (which was not actually driven by Buffett but by one of his new ex-hedge fund heirs, Todd Combs and Ted Weschler, who have "shown a willingness to wade into other corners"), which catalyzed the recently beaten down stock's biggest surge in months. Not as much was made of the selling in AAPL in the first quarter, but perhaps it should have been because while the Top 20 buyers of AAPL stock added a grand total of 101.5 million shares, the Top 20 sellers liquidated 50% more, or 157.5 million.
Additionally, if one adds up all the changes in AAPL stock as of March 31 as reported per the latest batch of 13F, there was a grand total of 58.7 million net AAPL shares sold, which explains the company's declining stock price4 in the quarter
zero hedge site
Wouldn't it be a hoot if you found out at the next report that Warren unloaded his holdings already!