AAPL Jan 2025 170.000 put
| Previous close | 10.35 |
| Open | 6.15 |
| Bid | 6.10 |
| Ask | 6.35 |
| Strike | 170.00 |
| Expiry date | 2025-01-17 |
| Day's range | 5.30 - 6.40 |
| Contract range | N/A |
| Volume | |
| Open interest | 48.55k |
Yahoo FinanceApple keeps spending less to make more: Chart of the Week
Apple may be having issues keeping its revenue growth up, but its growing services business has turbocharged its margins, which continue to increase significantly overall.
- Yahoo Finance Video
This Apple short seller is concerned about these risks
Apple (AAPL) recently reported its second-quarter earnings, surpassing analyst estimates on both revenue and profitability metrics. However, not all investors are bullish on the stock, even after the tech giant announced a staggering $110 billion share buyback program. Joining Catalysts is Bireme Capital Co-founder and Chief Investment Officer Evan Tindell, who has taken a short position on Apple's stock. Tindell believes that risks ranging from fluctuating demand in China to potential antitrust concerns "are reflected in that premium valuation" for Apple. As the company explores integrating artificial intelligence (AI) into its smartphones, he notes, "It will be interesting to see" if this endeavor can truly materialize into a substantial earnings driver or upstart a replacement cycle for their devices. Despite the company's announcement of a $110 billion share buyback program, Tindell remains skeptical, asserting that this move does not accurately reflect the company's valuation multiples. "I think if you hold Apple long-term, you're likely to make a positive return," Tindell tells Yahoo Finance. "I just think the risks are to the downside in the next year or two." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Barrons.comBerkshire Hathaway Sees Record Operating Profits, Cuts Apple Stake
Berkshire Hathaway saw operating profits rise 39% after taxes in the first quarter to a record $11.2 billion, boosted by strength in the company’s property and casualty insurance business and higher investment income. Berkshire also reduced its massive stake in Apple during the first quarter by about 13% to 790 million shares, Barron’s calculates, based on information in the Berkshire 10-Q report released in conjunction with the earnings. Berkshire had held 905 million shares of the iPhone maker at year-end 2023.
