Apple is the most cash rich company in the world. But they've also faced serious setbacks as of late. The company's profits fell, and sales in the first quarter are down 18% at 50.4 million compared to 61.2 million in the first quarter of 2015. The Apple Watch is more or less a flop and the company has a mixed record with software. It's arguable that without strong iPhone and laptop sales, Tim Cook wouldn't be riding high on the legacy of Steve Jobs. Perhaps cracks are starting to show now, with Apple down almost a third over the last year and revenue expected to go down 8% in this fiscal year. This is partly why Carl Icahn, sold his Apple position at the end of April. That and China "I don’t think it’s the price, it is about China. I think it’s a very cheap stock. China could be a shadow for it, and we have to look at that," said Icahn. Meanwhile Warren Buffett just announced he bought around $1 billion in Apple. "What Apple is going through is the realization it is not a (fast) growth name, but rather a growth at a reasonable price play with value," says Anil Doradla, analyst at William Blair. That slow and steady growth is the kind of investment that Buffett is known for. If you are patient enough, it's a bet on the slow and steady. Ironically enough, Apple stock jumped at the news of Buffett's Apple entrance. The question is if it can jump even higher soon. So which investor do you think will have a winning strategy? Is it the #IcahnShort or the #BuffettLong?The test begins! That one got out of the game just as the other got in probably isn't a coincidence. The test begins! That one got out of the game just as the other got in probably isn't a coincidence.