Uptober is here! Great month for both traditional and crypto markets. I've been seeing a lot of criticism of Apple lately - mainly they have not been able to innovate since Jobs passed away. The Apple Vision Pro doesn't seem to be a hit either, or at least I haven't heard much after the initial hype. As someone who owns Apple stock and uses Apple products, I wouldn't want this to be the case but curious about your long term view on AAPL?
You see long term is different for different people. I am holding AAPL from year 2001 :) you let that sink in first :)
I have bought-sold traded AAPL many times. These items that you are talking about are short term headwinds. There is still no substitute for iPad and iPhone. As long as that’s the case I don’t see there is anything to worry about.
By the way, I bought my first home in Houston in 2007 December while selling AAPL stock. I was in grad school back then :) Haven’t even started working. Turned out it was a great sale before the downturn.
As Buffet says, find a company you like and buy it for life!
I agree that right now it is difficult to dethrone Apple, especially since they are sitting on so much cash and can push forward on any innovation they would like. I was looking forward to the AVP but when it came out it seemed like the hype died down quickly. My hope is that they are able to create something closer to what Meta is working on quickly.
The Sage of Omaha is usually right (though he had been wrong a few rare occasions).
On a different note, please consider not upvoting my comments. It is a best practice. However, in my case Uwelang and Alexvan will DV those comments around day 5 or 6. It doesn't bother me, but it is a loss of curation return for you. So no need to do it. Feel free to do it for other hivers though as it is a good practice.