In the first quarter of 2025, Berkshire Hathaway reduced its Apple stake by approximately $4 billion, marking one of the largest institutional sell-offs of the year. This shift contributed to a broader increase in the conglomerate’s cash and Treasury holdings, and underscores a growing caution among even long-standing Apple supporters over the company’s rich valuation and potential near-term downside risks.

During the recent holiday quarter, Apple reclaimed the number-one spot in mainland China’s smartphone market, driven by a 15 percent year-over-year rebound in iPhone shipments despite industry-wide memory-chip shortages. The renewed strength in Greater China now represents 20 percent of Apple’s overall unit sales, restoring a critical growth engine after six consecutive quarters of share declines.

To accelerate its artificial-intelligence roadmap, Apple has secured a multi-year agreement to integrate Google’s Gemini models into Siri and behind-the-scenes on iOS. The pact aims to enhance voice-assistant accuracy and power personalized AI services across more than 2.4 billion active devices, positioning Apple to monetize new subscription offerings and boost its high-margin services revenue, which already contributes over 20 percent of total sales.

Indian competition authorities issued a final warning that they will file a major antitrust case against Apple following delays in the company’s compliance responses. The potential probe could expose Apple to fines of up to 10 percent of local revenue—approximately $8 billion annually—and add tangible downside pressure on investor sentiment as India accounts for nearly 12 percent of the global iPhone installed base.