What I saw in Apple Stores in China (why I sold AAPL shares)
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In this candid video, I reveal my firsthand observations from Apple Stores in two vibrant Chinese cities. Remember, my experiences are a mere glimpse—not the full picture—of Apple’s global sales landscape.
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Here’s the scoop:
Local Insights: What I witnessed doesn’t encapsulate China’s entire Apple story. But it does align with market trends I spotted on the charts.
Decisive Move: Armed with these insights, I made a bold choice: shorting Apple shares upon returning from China.
Hard facts:
1. Buffett’s Move: Warren Buffett’s Berkshire Hathaway recently trimmed its Apple holdings by selling 10 million shares, signaling a shift in strategy.
2. China’s Decline: Apple’s iPhone sales in China plummeted by 24% during the first six weeks of 2024, a stark contrast to previous years.