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Apple has raised trade-in values for iPhones in China to combat declining sales amid fierce competition from local brands like Huawei and Xiaomi. The iPhone 15 Pro Max's trade-in value increased to 5,700 yuan ($791), while the iPhone 15 Pro's rose to 4,750 yuan ($659.33). Despite these adjustments, Apple faces challenges, including an 8% drop in shipments and a decrease in market share, prompting considerations to shift assembly to India and incorporate AI features through a partnership with Alibaba.
Apple's extensive investment in China, estimated at $55 billion annually, has inadvertently bolstered local competitors like Huawei and Xiaomi, as noted by journalist Patrick McGee. He argues that Apple's support of China's "Made in China 2025" initiative has strengthened its rivals' market position, capturing over 50% of global smartphone share. As Apple shifts manufacturing to India, concerns arise about potential geopolitical risks similar to those faced in China.
Zurcher Kantonalbank increased its stake in Apple Inc. by 4.0% in Q4, owning over 8.36 million shares, making it the largest holding in its portfolio. Analysts have mixed ratings on Apple, with a consensus price target of $235.80. The company recently reported earnings of $1.65 per share and increased its quarterly dividend to $0.26, alongside a $100 billion share buyback program.
Warren Buffett's Berkshire Hathaway reported a Q1 2025 portfolio shift, maintaining a cash reserve of $348 billion while doubling stakes in Pool Corp and Constellation Brands, reflecting confidence in consumer-driven sectors. The firm fully exited Citigroup and Nu Holdings, further reducing its financial sector exposure, and kept its significant Apple position unchanged. A confidential SEC filing suggests a potential new investment in the commercial or industrial sector, estimated between $1 billion and $2 billion.
Apple's sales in China have plummeted by 50% as competition from Huawei intensifies, exacerbated by tariffs and a growing market in India. The company's iPhone 16, priced at 5,999 yuan, misses a government rebate threshold, prompting price cuts on the iPhone 16 Pro to boost demand ahead of the critical 618 shopping festival. CEO Tim Cook acknowledged ongoing challenges in the region, with revenue down 2% in the March quarter, an improvement from a previous 11% decline.
Apple has announced a $500 billion U.S. investment initiative to bolster local manufacturing and mitigate tariff impacts. Despite facing challenges like slowed sales growth and antitrust lawsuits, the company remains attractive for long-term investors, bolstered by strong leadership under Tim Cook and a robust brand presence. Warren Buffett praised Cook's leadership, highlighting Apple's potential to navigate current obstacles and continue delivering strong performance.
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, is set to retire at 95, passing leadership to Greg Abel while remaining as chair. Under Buffett, Berkshire transformed from a struggling textile company into a $1.16 trillion conglomerate, achieving remarkable returns through strategic investments and a mastery of the insurance business. His investment philosophy emphasizes patience, understanding businesses deeply, and focusing on companies with strong competitive advantages.
The Milken conference kicks off today in Los Angeles, featuring Treasury Secretary Scott Bessent and host Michael Milken. Meanwhile, Warren Buffett announces his retirement as CEO of Berkshire Hathaway, with Greg Abel set to succeed him, though experts warn he is "literally not replaceable." As the market braces for potential recession, American shoppers may face fewer choices due to Trump's tariffs.
Warren Buffett, at 94, will step down as CEO of Berkshire Hathaway at the end of 2025, transitioning leadership to Greg Abel, 62, who has been with the company since 2000. Buffett, who has led the company for 55 years, will remain in an advisory role and plans to donate his shares to charity. Berkshire Hathaway continues to hold over 20% of its investment portfolio in Apple, despite selling some shares.
Warren Buffett announced he will step down as CEO of Berkshire Hathaway at the end of 2025, passing the reins to Greg Abel. The recent shareholder meeting in Omaha drew significant attendance, with many locals owning Berkshire stock, reflecting Buffett's impact on the community. While future meetings may see a decline in attendance post-Buffett, shareholders remain optimistic about the company's stock performance.
Tim Cook
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