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Selling Apple stock 'probably a mistake', admits Warren Buffett

Warren Buffett sold off some of his Apple stocks last year.
In a recent company meeting he has now admitted this was probably a mistake .
Billionaire investor and Berkshire Hathaway chief Warren Buffett has admitted selling off some of his Apple stock last year was probably a mistake.
At the 2021 Berkshire Hathaway Annual Shareholders meeting this weekend, Buffet spoke about the decision to sell off around $11 billion worth of Apple stock in the fourth quarter. From Business Insider:
I sold some stock last year, the famed investor said at Berkshire Hathaway s annual meeting on Saturday. That was probably a mistake. ....

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Goldman Sachs upgrades Apple stock, admits defeat over 'sell' rating

Goldman Sachs has finally upgraded its Apple stock rating from sell to neutral .
It comes following Apple s bumper Q2 earnings posted Wednesday.
GS says its prediction the iPhone 12 would disappoint was clearly wrong .
Goldman Sachs has upgraded its Apple stock rating to neutral after more than a year of labeling it as sell in the wake of the Cupertino Company s bumper earnings announcement Wednesday.
After a blowout quarter from tech giant Apple, Goldman Sachs long-time bearish analyst covering the stock is admitting defeat.
A note from GS analyst Rod Hall reportedly stated:
We are upgrading our rating from Sell to Neutral after Apple posted another large beat and implied a raise vs. our June revenue expectations. Our original view that the iPhone cycle would disappoint in the midst of COVID was clearly wrong. Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed our forec ....

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