The recent surge in Apple's stock price made Buffett, who "everyone is fearful but greedy", beat 295 funds.

Since July, Apple’s stock price has surged 21%, far outperforming the S&P 500 Index. Yesterday, Apple rose 3.4%, and its stock price rose by more than 11% in the past four days, marking its best four consecutive gains in two and a half years. On Wednesday, Apple announced that the iPhone 7 has been sold out worldwide.

Morgan Stanley analyst Katy Huberty noted in a report this week that strong pre-orders and other data could mean the iPhone 7 beat previously lower expectations.

The reason behind Apple's recent surge is that it has been repeatedly "looked down" due to poor performance.

In April this year, Apple announced that its second-quarter revenue fell 13% year-on-year, its first decline in 13 years, which aroused investor concerns. According to statistics from Bloomberg News, 295 fund companies have liquidated their Apple shares since June, and two hedge funds, Omega Advisors and Lansdowne Partners, have completed liquidation as early as the second quarter.

On the contrary, Buffett's "Be fearful when others are greedy, greedy when others are fearful" style. Buffett's Berkshire Hathaway increased its holdings of Apple stock twice in the first half of the year, and the increase in the second quarter coincided with the low point of Apple's stock price during the year.

Apple's strong reversal undoubtedly made the "Stock God" full of money, and easily defeated 295 fund companies.

“Previously, Apple was abandoned by investors due to lack of innovation. Now Apple has made a strong reversal. Now fund managers are regretting their previous overconservatism. ” Jeffrey Sica, president of investment firm Circle Squared Alternative Investments, told Bloomberg News on the phone.

This is not Apple’s first “counterattack.” In 2014, when most professional investors were dismissive of Apple, its stock rose 38%, second only to Microsoft's 49% surge a decade earlier during the dot-com bubble.