Apple Stock: everything that happened this week
Apple AAPL stock had an unimpressive performance this week, trading down 0.6%. Stocks struggled to break through the $ 130 level, ending this Friday session at $ 124. See the table below:
Find out about the main topics covered this week.
Buffett, Wood and Gates sell AAPL
AAPL apple stock hasn’t seen a lot of love from “famous investors” and “smart money” lately. As shares of the Cupertino company approach their all-time highs after a four-month (and counted) withdrawal, several high-profile asset managers have reduced and even abandoned their positions.
Read more: Warren Buffett, Cathie Wood and Bill Gates Sell Apple Stocks: Should You?
Amazon to acquire MGM Studios
Amazon AMZN has confirmed its intention to acquire MGM Studios for $ 8.45 billion. The deal is important to Apple as the Cupertino-based company is also battling for the limelight in the increasingly competitive video streaming space.
Being a leading player in content production is likely to require quite a bit of capital investment from Apple, if it is to become a match for Netflix. (NFLX) – Get the report, Amazon and Disney (Dis) – Get the report.
Read more: Apple Stock driven by yields, MGM, Bitcoin
A growth opportunity disguised as bad news in wearable devices
Research firm IDC has just delivered what could be interpreted as bad news for Apple AAPL investors. The Cupertino-based company lost a substantial market share in the wearable device space in the first quarter: from a whopping 32% of the market in 2020 to less than 29% in 2021.
But should Apple investors be worried about the future of Apple’s wearable segment?
Read more: Apple stock: growth opportunity disguised as bad news in clothing
I asked a question a few days ago about how long will it take for Apple stock to reach (and break through) its record high that has persisted for nearly four months? Below you can see the results:
(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)