iPhone Air Launches, Apple & Amazon Backed by Long-Term Investors
Apple's latest smartphone, the iPhone Air, has hit the market, appealing to those who appreciate sleek design. Meanwhile, investment gurus Tom and David Gardner, along with Warren Buffett, share their views on tech giants Apple and Amazon as long-term investment opportunities.
The iPhone Air, now the thinnest smartphone available, is set to attract style-conscious consumers. Despite a recent dip after the launch, Apple stock is seen as a good buy for long-term investors by the Gardner brothers. They believe that Apple's large and differentiated consumer products business, with its sticky ecosystem, remains a strong draw.
Looking at the bigger picture, Berkshire Hathaway, the world's 11th-biggest business, has Apple accounting for over a fifth of its total stock portfolio. Despite recent sales, Warren Buffett still considers Apple one of his best stocks to buy today. Amazon, too, is viewed favorably by long-term investors. Although its e-commerce business faced challenges during the pandemic, Amazon is positioned to benefit from powerful tech trends like AI and robotics, which could boost margins. However, Amazon stock has underperformed the broader market in recent years, making it a strong long-term investment at today's prices.
The iPhone Air's launch has sparked interest among consumers, while Apple and Amazon continue to draw long-term investment attention. Despite recent market fluctuations, both tech giants are seen as solid investments, with Apple's unique consumer products business and Amazon's potential in tech trends driving optimism.
