Famed investor Warren Buffett cut his firm's Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand.
It was clear they had supply constraints a few years ago, and when those cleared up there was a huge bubble of sales. Expecting growth this year when so many regular customers just got a new phone would be silly.
And it’s also a distraction - the problems facing Apple are
How poorly the company is responding to antitrust complaints.
The Vision Pro doesn’t seem to be doing well, and their car project was so much worse they literally killed it.
Twelve years ago Apple was leading the industry on digital assistants… Siri was nowhere near good enough but nobody else had a “good enough” product either and Siri showed real promise. Now? WTF is taking so long? It’s pretty clear other companies are very close to achieving what Siri failed and there’s not much to indicate Apple can keep up.
Um - Apple’s problems are very public.
It was clear they had supply constraints a few years ago, and when those cleared up there was a huge bubble of sales. Expecting growth this year when so many regular customers just got a new phone would be silly.
And it’s also a distraction - the problems facing Apple are