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investing in apple and other top stocks during market pullbacks
Warren Buffett's investment strategy emphasizes buying quality stocks during market dips, with Apple, Amazon, and American Express highlighted as top picks despite recent declines. Apple faces challenges with its AI offerings and iPhone growth expectations, while Amazon's diverse revenue streams and American Express's affluent customer base suggest resilience against economic downturns.
apple reports record quarter despite mixed performance in china
Apple reported a 7% increase in quarterly profit to $36.3 billion, driven by strong growth in services, Mac computers, and iPads, despite a decline in iPhone sales. The company's total revenue reached a record $124.3 billion, with earnings per share of $2.40 surpassing analyst expectations.
apple faces challenges as stock declines amid market scrutiny and competition
UBS maintains a 'Neutral' rating on Apple with a target price of $236, citing weak smartphone demand in the US. The company's stock has faced challenges, including a 10.6% decline this year and significant losses in the Chinese market, where iPhone sales dropped over 18%. Additionally, Berkshire Hathaway's reduction of its Apple stake has contributed to market turbulence, further impacting share performance.
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