Posted 12/29/2023, 2:45:00 PM
Buffett Still Bullish on Apple Despite Slowing Revenue Growth
- Warren Buffett's largest investment position is Apple stock, making up over 50% of Berkshire Hathaway's portfolio
- While Apple's revenue has stalled recently, its profits continue to grow due to its high-margin services business
- Apple's services business, which includes offerings like the App Store, has around 70% profit margins
- Apple continues to reward shareholders with stock buybacks and dividends despite investing in costly new areas like AI
- The article author believes Apple stock is underappreciated right now and is a good long-term buy, especially as inflation and economic clouds clear