Wedbush analyst Dan Ives raised his price target on Apple shares to $350, citing the company’s recently announced partnership to integrate Google’s Gemini AI models into Siri and the anticipated rollout of 6G wireless technology. Ives argues these developments will unlock new revenue streams across Apple’s installed base of 2.4 billion active iOS devices and 1.5 billion iPhones, while positioning the company to compete in emerging markets like AI-powered smart glasses. At a current market capitalization of just under $3.8 trillion, Apple would need 32 percent growth to break the $5 trillion threshold projected for 2026—growth that Wedbush believes is supported by strong iPhone 17 adoption and accelerating services engagement.

According to Canalys data for the December holiday quarter, Apple regained the top spot in China’s smartphone market for the first time since early 2022. Shipments of the iPhone 17 series rose 18 percent year-over-year, outpacing competitors despite a global memory-chip shortage that constrained industry-wide volumes. Market share climbed to 21.4 percent in the region, up from 19.1 percent a year earlier. Strong demand was fueled by promotional pricing in tier-2 and tier-3 cities, as well as upgraded trade-in programs that helped maintain average selling prices. This rebound in China—a market accounting for roughly one-fifth of Apple’s total iPhone revenue—provides a meaningful offset to macroeconomic headwinds elsewhere.

In the first two quarters of 2025, Berkshire Hathaway reduced its stake in Apple by approximately $4 billion, selling nearly 15 million shares. While Warren Buffett continues to describe Apple as “probably the best business I know,” the move has been interpreted as a precaution against what Berkshire’s filings call an “elevated valuation.” Following the sell-off, Apple remains the largest single holding in Berkshire’s public-equity portfolio but now represents 18 percent of its total US-listed equity exposure, down from 21 percent. Investors view this reallocation—partly into cash and short-duration Treasuries—as an indicator that even perennial bulls may be bracing for a market correction if multiple expansions reverse.