Warren Buffet bet for more Apple´s devices
CEO and Apple Inc must be happy after the comments of Warren Buffet, the recognizing billionaire, one of the top five richest people in the world according Forbes researches. Actually Apple rose 2 percent on Monday and was on the verge of a record high after billionaire Warren Buffett talked up his company’s stake in the iPhone maker. That shows how much reliability offer the word of a successful man of business like Berkshire Hathaway´s handler. To get an idea about it, according Reuters, Apple’s stock was at $179.04, just short of its $179.26 record closing price on Jan eighteen. Buffet is like Midas
So if we have a business I think that we should call Buffet to speak about or praise our business, the man is a hit at the stock market. The happiness for Apple comes after Buffet comments on national TV interviewing on CNBC. As a comment he said that he had bought more Apple shares than any other stock over the past year and as an advertisement he praised Apple's for the way that they retain customers and keep them in ecosystem.
More happiness was to Apple shares because Berkshire Hathaway reveals on Febrary 14 that it had increased its stake a 23 percent, making it the company’s largest common stock investment. That are good news for Apple who see how Smartphone adversaries are more and more strong contending and innovation and quality of their competitors increasing day after day. Apple saids that its shares were up almost 2 percent at $178.95 in midday trade, before Buffet comments.
Nevertheless closer contenders Samsung and Huawei are under scandals that low their share. The first one had his CEO behind bars, he was released recently. By another hand Huawei is facing US intelligence agencies finger points about Huawei flaws security troubles. Actually in a report sending to the Senate, the Intelligence Committee recommended does not buy any Huawei products. The report expressed that they were deeply concerning about the risk of foreign company that are commitment with foreign governments, and the Director of FBI gave faith of it.
Despite good news, some experts and Stock Market analyzers disclose that Apple does not rush out yet. A New York-based investment management firm Inverness Counsel’s believes that investors see as a handicap that Apple clients are reducing and no popular at all because of the highest exclusivity of many of the main products. So that reduces the segment of consumers to the middle class and up, which are not everybody. But, Tim Ghriskey, Inverness Counsel’s Chief Investment Strategist think that Apple have a relatively inexpensive stock and an ecosystem that would be extremely hard to replicate. “We concluded that Apple would come out with something and calm the market, and make investors look to the future.”
Regardless those criteria the table is served. According to some reports after Buffet comments, nine analysts have raised their price targets for Apple, while six have reduced their targets. The median price target for Apple’s stock has risen from $189.48 to $192.43. At that price, Apple’s stock market value would be $989 billion, compared to $909 billion on Monday.
So maybe it will have a nice surprise for Apple fans. They plan to launch an outstanding iPhone, with two other smartphones. They want to tackle down Samsung with a bigger device that it could be bigger than arch-rival Samsung’s flagship phone. Last year was a successful year for them when they released 10th anniversary iPhone with premium features and a $1,000 price tag. According to some sources Apple will include a handset upgrade, same size as the current iPhone X and a less expensive model with some of the X’s key features.
The expectancy market is about if the new phones will restart a screen size wars as happened a few years ago, as an attempt of increasing the sales. A research firm IDC reveals that global smartphones sales fell down 0.1 percent last year. Believer or not Samsung announced on a larger than the current Samsung Note 8’s 6.3-inch screen. Apple is under pressure, so the iPhone maker is already running production tests with suppliers and is expected to announce the new phones this fall. Apple also hopes to incorporate next-generation A12 processors and will continue to include stainless steel edges.