Apple(US:AAPL) Sou Hu Cai Jing·2026-01-04 16:51Core Viewpoint - The article highlights the impressive investment performance of Duan Yongping in Apple Inc., showcasing significant returns from his long-term holdings in the company, emphasizing the importance of understanding business models and market trends in investment decisions [1][3][6]. Investment Performance - Duan Yongping's small account, which holds only Apple shares, was purchased for $1.8026 million in November 2011 and has generated a profit of approximately $33.92 million, resulting in a total return of 1881.8% by December 31, 2025 [2][3]. - The core account's Apple holdings are valued at around $8.69 billion, representing 60.42% of the total portfolio [4][7]. Investment Logic - The initial investment in Apple was based on the company's strong product offerings, particularly after the launch of the iPhone 4, which Duan recognized as a significant market opportunity [6][10]. - Duan emphasizes the importance of understanding a company's business model, stating that good companies should have strong commercial strategies and user-oriented cultures [8][6]. Market Insights - Duan's investment strategy includes buying stocks during periods of company challenges, with over 80% of his Apple shares acquired during a time of market uncertainty following the leadership change at Apple in 2011 [10][9]. - He has made accurate predictions about Apple's product developments, such as the introduction of larger screen phones and the decision not to enter the automotive market [9][10]. Future Outlook - Duan expresses a keen interest in learning about AI technologies and their potential impact on the investment landscape, indicating a shift in focus towards AI-related companies in his portfolio [12][15]. - The portfolio has seen an increase in AI-related investments, including companies like Nvidia and TSMC, reflecting a strategic pivot towards emerging technologies [15].