3 Things You Should Know Before Buying This Magnificent Warren Buffett Stock
Warren Buffett has made some wonderful investments over the years, but I don't think any of those investments were as successful as the decision to buy (NASDAQ: AAPL) in early 2016, a move that has led to tens of billions of dollars in gains. In fact, the tech stock currently makes up almost half of Berkshire Hathaway's massive $355 billion portfolio.
Before rushing to buy the stock, which is up 231% in the past five years, investors should know these three things about Apple.
Due to its massive scale, represented by a market cap of $2.8 trillion and trailing-12-month revenue of $384 billion, Apple's future growth might not resemble the past. We're seeing this play out right now. In the latest quarter (third quarter of 2023, ended June 1), Apple registered sales of $81.8 billion, down 1.4% year over year. This was the third straight quarter of declining revenue.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 77 Buy predictions and 5 Sell predictions.
As a result the target price of 199 € shows a positive potential of 23.53% compared to the current price of 161.1 € for Apple Inc..
