Apple Inc (AAPL)

He prefers FB, NFLX, MSFT and GOOG. It will do fine. A good company, but their growth is based on margins they can charge on their products. 5-year earnings growth is 8-9%, but revenue growth is around 4%, and this is less than other FANG names.

MSFT-Q vs. AAPL-Q. They have a lot of similar strengths. They dominate their industries and have very loyal customers. They have good business models. AAPL-Q generates the vast majority of their profits from iPhones, which market may becoming saturated. MSFT-Q focuses on the commercial client. He thinks MSFT-Q will continue to grow faster than AAPL-Q will.

Caller was asking about selling Apple stocks for something else. Bought Facebook based on outlook for advertising. As economies begin to normalize, there will be increased ad spending. Could sell Apple shares to buy Facebook. You could own Berkshire Hathaway as a proxy to owning Apple.

Cynics on Wall St. don't care about Apple's non-phone new products, but one analyst at Morgan Stanley sees strong upside for the Mac and iPad that could be gold standard for the new hybrid workforce. The rise of remote work is a Trojan Horse that gets the Mac back in the workplace so that it could become a serious threat to Dell and HP because people are spending so much time at home. Unlike the one-off consumer tech market, the enterprise business is a lot stickier and he expects Apple will get a bigger slice of this pie. For years, Apple has been dismissed as a one-trick pony, but Apple will be much more than its phone--wearables, computers and their service business.