Apple(US:AAPL) Mei Ri Jing Ji Xin Wen·2025-05-28 02:55Core Viewpoint - CalPERS, the largest public pension fund in the U.S., has significantly reduced its stake in Apple, indicating a potential decline in institutional confidence towards the company and raising concerns about Apple's future prospects [1][2]. Group 1: Investment Actions - CalPERS sold 5.1 million shares of Apple, reducing its holdings to 34.7 million shares [1]. - The fund increased its investments in Meta, AMD, and McDonald's by 579,000 shares, 325,000 shares, and 494,000 shares respectively [1]. Group 2: Market Impact and Concerns - The sale of Apple shares may reflect a broader concern among large institutional investors regarding Apple's future performance [1]. - Apple's stock has seen a decline of over 11% in Q1 and approximately 10% in Q2, with a total market value loss exceeding $770 billion (about 5.541 trillion RMB) since the beginning of the year [4]. Group 3: Regulatory and Competitive Challenges - Apple is facing significant challenges from U.S. tariffs, with an estimated loss of about $900 million expected in Q3 due to tariff policies [2]. - The company was fined €500 million and €200 million by the EU for violations of the Digital Markets Act, with potential for further penalties if compliance is not met [2]. Group 4: Innovation and Product Development - There are concerns regarding Apple's innovation pace, particularly in AI, as the company has been perceived to lag behind competitors like Google and Microsoft [5]. - Upcoming announcements at the WWDC 2025 may not meet high expectations, especially regarding significant upgrades to Siri and AI discussions [4][5].