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

<p>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.</p><p><br /></p><p>Chapters</p><p>(0:00) Deep Value Research Note</p><p>(1:55) Apple Valuation Decline</p><p>(3:58) Apple to Google Shift</p><p>(5:58) Google CapEx Panic</p><p>(10:57) PDD Bear Case Margin</p><p>(13:34) Emotional Value Moat</p><p>(14:53) AI Risk Dilemma</p><p>(20:03) Intelligent Investor Apps</p><p>(20:44) Get the free apps</p><p><br /></p><p>Full open-source research report: <a href="https://research.deepvalues.ai/insights/2026-10-31-deciphering-duan-yongpings-capital-allocation-valuation-discipline/?utm_source=spotify&amp;utm_medium=description&amp;utm_campaign=company&amp;utm_content=aapl" rel="ugc noopener noreferrer" target="_blank">https://research.deepvalues.ai/insights/2026-10-31-deciphering-duan-yongpings-capital-allocation-valuation-discipline/?utm_source=spotify&amp;utm_medium=description&amp;utm_campaign=company&amp;utm_content=aapl</a></p><p><br /></p><p>DeepValues toolkit</p><p>• Run the numbers on any stock yourself, free: <a href="https://app.deepvalues.ai/?ref=podcast&amp;src=selling_apple_to_buy_google_and_pdd-en">https://app.deepvalues.ai/?ref=podcast&amp;src=selling_apple_to_buy_google_and_pdd-en</a></p><p>• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed): <a href="https://app.deepvalues.ai/letter?src=spotify&amp;ref=aapl" rel="ugc noopener noreferrer" target="_blank">https://app.deepvalues.ai/letter?src=spotify&amp;ref=aapl</a></p><p>• DeepValues for iOS, intrinsic value and margin of safety for any stock: <a href="https://apps.apple.com/us/app/deepvalues/id6775568608" rel="ugc noopener noreferrer" target="_blank">https://apps.apple.com/us/app/deepvalues/id6775568608</a></p><p>• Is the market overvalued? Track it with Buffett Indicator (iOS): <a href="https://apps.apple.com/us/app/buffett-indicator/id6747404614" rel="ugc noopener noreferrer" target="_blank">https://apps.apple.com/us/app/buffett-indicator/id6747404614</a></p><p>• The same market gauge on Android, Bubble Watch: <a href="https://play.google.com/store/apps/details?id=com.luluventures.buffett&amp;referrer=utm_source%3Dspotify%26utm_medium%3Ddescription%26utm_campaign%3Dcompany" rel="ugc noope