From the article
MARKET VALUE: $725.1 billion
DIVIDEND YIELD: 1.9%
ANALYSTS’ OPINION: 11 strong buy, 1 buy, 17 hold, 0 sell, 0 strong sell
Not too long ago, Apple (AAPL, $153.30) was making headlines for being the first U.S. company to top $1 trillion in market value. My, how times change – and fast. AAPL stock has lost about a third of its value since topping out in early October 2018, erasing about $275 billion in market value along the way. Investors are terrified that the company’s iPhone growth engine is finally starting to sputter.
But value investors, notably Warren Buffett, know that Apple’s long-term prospects rest on more than just that single shiny gadget. That’s why Buffett’s Berkshire Hathaway has absolutely piled into Apple’s stock over the past few years. Indeed, Berkshire, with its 5.3% stake in Apple, is now the company’s third-largest shareholder.
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