In the first quarter of 2025, Berkshire Hathaway reduced its Apple position by approximately $4 billion, reallocating the proceeds into cash and U.S. Treasuries. This marked one of Warren Buffett’s largest individual share sales in recent years. Following the disposition, Apple no longer ranked among Berkshire’s top three holdings, signaling a strategic shift toward liquidity preservation despite Apple’s strong free-cash-flow generation, which exceeded $90 billion in fiscal 2024.

Analyst consensus assigns Apple a target price of $350, implying roughly 37% upside from recent levels and a potential market-cap ascent toward the $5 trillion milestone by 2026. Wedbush’s Dan Ives specifically cited the company’s deal to integrate Google’s Gemini AI models into Siri and the robust launch of the iPhone 17—particularly in China—as key catalysts. At 28 times next fiscal year’s earnings, Apple trades at a premium to the S&P 500 multiple, which introduces a notable downside risk if growth in iPhone sales or services revenue were to decelerate.

In the third quarter of 2025, Global Financial Private Client LLC trimmed its Apple stake by 22.5%, selling 14,783 shares and ending the period with 51,000 shares valued at $12.99 million, making Apple its second-largest holding. Meanwhile, insider Chris Kondo divested 3,752 shares at an average price of $271.23, netting just over $1.02 million. On the regulatory front, India issued a final warning to proceed with an antitrust case against Apple, raising the prospect of significant fines in a market that accounted for over 10% of global iPhone shipments in calendar 2024.