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| www.CWEB.com |
CWEB - Last week Carl Icahn the Billionaire investor sold his Apple Stock. I hope Mr. Icahn didn't get his advice from Donald Trump.
Donald Trump has been accusing Apple of making products in China. He has made derogatory statements about Amazon and Apple and even suggested Antitrust if he becomes a “President”. Sadly Donald Trump and his family make everything outside the U.S. especially in China. Mr. Trump defense is that he needs to stay competitive and he is a businessman. So why Apple cannot use the same logic or is this selective prosecution against a very successful American company.
Mr. Tim Cook has a clear vision. iPhone, iPad, Apple Watch, Apple Car, Apple Space Project, Apple Artificial Intelligence, Apple Music and recently investment to a rival company Uber in China. Let's say Everything Apple. Expansion in India and China is already in the works which will bring Billions of extra revenue to Apple. Plus let’s not forget Apple has over $200 Billion in Cash!
So today Warren Buffet showed why he is the most successful investor on the Planet. Mr. Buffett can see the value and expansion of Apple and company and today he made a $1 Billion Dollar Bold investment in Apple stock.
Separately, CWEB Rating's team reiterates the stock as a ' Buy ' with a score of A+++ and upward of $400 a share by end of the year based on booming sales and holiday promotions with expansion in India and China. For more information you can read our prior article published on Seeking Alpha
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