Over the past two years, Berkshire Hathaway’s CEO has sold more than half of its Apple position, reducing the stake from over 50% of the portfolio to roughly 21%. The remaining holding is valued at $65.127 billion, while total stock market positions stand at $309.65 billion. Concurrently, cash and equivalents have swelled to $381.7 billion (57% of the portfolio excluding rail cash and T-bills). This shift reflects a century-old Graham principle of a dynamic 75/25 stocks-to-bonds allocation, with allocations trimmed as valuations rise and redeployed into fixed-income instruments.

Apple’s share price has retracted nearly 5% over December but still trades at approximately 33 times forward earnings, reflecting premium expectations. Investors are eyeing the Spring 2026 Siri update as a potential inflection point: analysts suggest a ‘10-out-of-10’ launch could trigger an AI multiple re-rating and drive an upgrade cycle. One bullish forecast pegs a price target implying a 28% upside if Apple’s personalized, on-device AI convinces users to consolidate apps around its ecosystem.

In fiscal Q4, Apple reported revenue of $102.5 billion, up 8% year-over-year, driven by double-digit iPhone growth and a 15% increase in services. The guidance for Q1 anticipates 10–12% revenue growth with another double-digit rise in iPhone sales. Services gross margin reached 75.3%, more than double the 36.2% margin in products, underscoring the segment’s high-margin recurring revenues. With an active device base expanding and AI-enabled features on the horizon, Apple is positioned to leverage its ecosystem for sustained top-line acceleration.