The past two weeks have been tough for Apple stock. Stocks fail to break above the $ 130 levels mainly due to general market trends. This week, AAPL was down -1.5% to $ 125 per share.
Below are the main topics that may have caused Apple’s stock to drop.
How the AT & T-Discovery deal could impact Apple
Early on Monday, May 17, another mega-deal was announced in the media space. AT & T’s (ticker $ T) WarnerMedia, the parent company of studio HBO and Warner Bros., will merge with Discovery (HGTV, Food Network, etc.). The deal was valued at $ 43 billion.
Read more: How the AT & T-Discovery deal could impact Apple
Apple vs. Epic Games battle: what matters to the investor
The legal battle between Apple and Epic Games continues. Quite interesting (income related to Fortnite) and unnecessary (bare bananas) information came out of the audience. It can be difficult to separate what matters from what doesn’t in this important essay on competitive practices.
Read more: Apple versus. Epic Games Battle: what matters to the investor
AAPL is still Warren Buffett’s stock king
Warren Buffett’s Berkshire Hathaway (symbol $ BRK.A) just disclosed its holdings for the first quarter of 2021. At the end of the first period 2021, Berkshire Hathaway held nearly 890 million Apple shares. Valued at $ 122.15 at the end of the last quarter, the stake represented a $ 108 billion stake in the Cupertino company’s equity.
Once again, Apple stock was the conglomerate’s number one position, with a total portfolio allocation of 40%.
Read more: Apple: still the king of the actions of Warren Buffett
(Disclaimers: This is not investment advice. The author may go along with one or more actions mentioned in this report. Additionally, the article may contain affiliate links. These partnerships do not ‘influence editorial content. Please support The Apple Maven)