Analysts at Wedbush recently raised their price target on Apple shares to $350, citing the company’s strong iPhone 17 adoption and a landmark AI partnership with Google’s Gemini to power the next-generation Siri. Achieving this target would imply roughly 32% upside from current levels and push Apple’s market capitalization above the $5 trillion threshold for the first time. The brokerage highlighted Apple’s installed base of 2.4 billion active iOS devices and 1.5 billion active iPhones as key drivers, along with anticipated services revenue growth tied to AI-enhanced offerings and upcoming 6G network rollouts.

In the first quarter of 2025, Berkshire Hathaway’s investment vehicle sold approximately $4 billion worth of Apple shares, trimming its position significantly to build cash and Treasury holdings. This marked one of the largest single-quarter reductions in Apple stake by any major institutional investor. While Warren Buffett continues to laud Apple as “probably the best business I know in the world,” the sale underscores a prudent rebalancing at Berkshire, reflecting concerns over Apple’s current premium valuation — near 28 times next year’s expected earnings — and the attendant downside risk if growth momentum slows.

During the December holiday quarter, Apple retook the top spot in China’s smartphone market after a period of share erosion, shipping an estimated 22 million iPhone units—up 18% year-over-year—according to local industry trackers. This rebound came despite a global memory-chip shortage that constrained competitor shipments by as much as 12%. The iPhone 17’s reuse of high-performance components and aggressive promotional pricing in key coastal provinces drove a 14% increase in retail sell-through, reinforcing Apple’s premium positioning and bolstering its regional services revenue, which grew 25% in the quarter.