Apple has officially delayed its next-generation, generative AI-driven Siri until early 2026, roughly 21 months after the initial announcement. The revamped assistant will require an iPhone 15 Pro or newer, incentivizing upgrades among users on older hardware. Following the departure of its AI lead and several senior executives, Apple rebuilt its machine-learning team and partnered with Google’s Gemini model to underpin on-device processing. Management has indicated that the new Siri represents a substantially larger update than originally envisioned, and analysts estimate successful deployment could boost unit sales by 5–8% and drive a refreshed super-cycle for iPhone replacements.

Berkshire Hathaway’s Apple holdings have contracted from over half of its equity portfolio two years ago to roughly 21% today, despite public praise from Warren Buffett. The position still ranks as the single largest stock in Berkshire’s $310 billion equity book, valued at approximately $65 billion, but Buffett has reinvested proceeds into U.S. Treasuries and corporate bonds in keeping with Benjamin Graham’s 75/25 stocks-to-bonds allocation framework. As market valuations climbed, Buffett trimmed positions to align with a target equity weighting that now stands near 43%, reflecting growing concern over stretched multiples across large-cap technology names.

After a 35% share-price gain since its March tariff relief deal, Apple trades at roughly 33 times forward earnings—well above its 10-year median P/E of 22. Yet Wall Street analysts forecast that integration of advanced AI features across iOS, services and future AR/VR hardware could expand revenue growth from its high-margin services segment beyond current forecasts of 8% annual growth. If adoption of the new Siri and related AI capabilities drives a 3–5% uptick in service subscriptions and spurs a modest upgrade bump of 4–6 million iPhones, a rerating toward 38–40 times earnings could be justified by year-end 2026.