Apple (AAPL) — Bearish? Apple's 12.6% Problem: Why Money Is Moving to Google and PDD

Bearish on Apple (AAPL) as of 2026-11-04: 12.6% yearly profit growth. See why a legendary value investor is trimming Apple to fund Google and PDD, and how to test any great business against its price. With Treasuries at 5.2%, a $5 trillion Apple needs 12.6% annual profit growth just to match bonds.

Chapters

(0:00) Deep Value Research Note

(1:55) Apple Valuation Decline

(3:58) Apple to Google Shift

(5:58) Google CapEx Panic

(10:57) PDD Bear Case Margin

(13:34) Emotional Value Moat

(14:53) AI Risk Dilemma

(20:03) Intelligent Investor Apps

(20:44) Get the free apps

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Deep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.

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