Neil Cybart Neil Cybart

Buffett Slashes AAPL Stake in Half, What’s Really Going On?, Removing the Buffett Overhang

Today's Above Avalon Daily email contains the following story:

  • Buffett Slashes AAPL Stake in Half

  • What’s Really Going On?

  • Removing the Buffett Overhang

Hello everyone. What a busy start to the week.

My initial thoughts on Apple’s earnings were sent to all you via email last Friday. We are going to take an unexpected detour to focus on Warren Buffett news that came out over the weekend. There is still much to talk about regarding Apple’s 3Q24 earnings release and conference call – we only touched upon the big picture takeaway. We will shift back to earnings review mode tomorrow.

Earlier today, a judge ruled against Google in the Google Search vs. U.S. trial. This was the trial that involved Google's default search deal with Apple. We will talk more about the development after I have had time to read through the 286-page ruling. For now, we can point back to the following daily updates regarding the topic:

Let’s jump in. 

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Neil Cybart Neil Cybart

Warren Buffett’s Annual Letter, The Power of Apple Retained Earnings, Imploding Demand for Fitbit

Today's Above Avalon daily update includes the following stories:

  • Warren Buffett’s Annual Letter

  • The Power of Apple Retained Earnings

  • Imploding Demand for Fitbit

We kick off today’s update by examining Warren Buffett’s annual letter to Berkshire Hathaway shareholders. Berkshire Hathaway is Apple’s largest individual shareholder. Accordingly, there is value in keeping on top of Berkshire and Warren Buffett (Berkshire’s CEO and Chairman of the Board). The discussion then turns to retained earnings and why Apple’s retained earnings are such a powerful tool. We conclude with Fitbit’s awful 4Q19 earnings and why the company represents such a problem for Google.

Above Avalon membership is required to read this daily update. Members can read the update here.

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Above Avalon members receive the full Above Avalon experience throughout the week.

The cornerstone of Above Avalon membership is access to Neil’s exclusive daily updates about Apple. Daily updates are 2,000 words and sent via email Monday through Thursday. Updates revolve around the following topics:

  • Apple business and strategy analysis.

  • Neil’s perspective and observations on current news and Apple competitors.

  • Neil’s Apple financial estimates.

  • Full coverage of Apple earnings, product events, and keynotes.

If it is of interest to Apple, it is something I pay attention to.

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  • Receive Exclusive Daily Updates. The cornerstone of Above Avalon membership is access to Neil’s exclusive daily updates about Apple. Each email is 2,000 words and includes Neil’s analysis and perspective on the most important stories and news impacting Apple. Unlike other paid emails that may sporadically talk about Apple, every Above Avalon daily update is focused on Apple. New updates are sent Monday through Thursday. Approximately 200 daily updates published throughout the year. Sample daily updates can be viewed here, here, and here. Members have the option of receiving a consolidated weekly version of the daily updates. In addition, an RSS feed is available for members.

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