Investors aren’t noticing Apple’s long, slow decline

-The share buybacks

-The dividend yield

-How it’s Warren Buffett’s largest position

-The exposure to China (for better or for worse)

-The compelling new iPhones

-Apple Credit Card

-AirPods

Etc.

But #1 and #2 are the most important in my opinion as an investor in Apple. They effectively form a 9% net payout yield.