What I saw in Apple Stores in China (why I sold AAPL shares)
In this candid video, I reveal my firsthand observations from Apple Stores in two vibrant Chinese cities. Remember, my experiences are a mere glimpse—not the full picture—of Apple’s global sales landscape.
Here’s the scoop:
Local Insights: What I witnessed doesn’t encapsulate China’s entire Apple story. But it does align with market trends I spotted on the charts.
Decisive Move: Armed with these insights, I made a bold choice: shorting Apple shares upon returning from China.
Hard facts:
1. Buffett’s Move: Warren Buffett’s Berkshire Hathaway recently trimmed its Apple holdings by selling 10 million shares, signaling a shift in strategy.
2. China’s Decline: Apple’s iPhone sales in China plummeted by 24% during the first six weeks of 2024, starkly contrasting to previous years.
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Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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SGX Academy Trainer | International Speaker | Angel Investor | Automated System Developer | Made first pot Gold at 18
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GoRichOrGoHome77 : It is time for us to buy AAPL when you see this kind of post!!! Go go go!!! Especially at the period when all the “professional” bloggers like this keep appearing on your screen.
unfilteredtruths GoRichOrGoHome77 : Everyone is playing the guessing game. I could say the same about you - "when you see desperate people asking you to buy, that's when you sell and run"
aoimizu : Depends how fast and how soon Chinese market rebounds. Enough to absorb both Huawei and Apple. 10 million shares sounds likely hardly a dent in Buffet's portfolio. We'll see if he dumps more.
GoRichOrGoHome77 : See! What’s the price of AAPL now?