Buffett first bought shares of this market giant in 2016. The billionaire recently thanked the company's CEO for its performance over the past several years.
Apple shares drastically outperformed the S&P 500 in the last 10 years, receiving a small boost from the dividend. Besides earnings growth, valuation expansion was a key factor that propelled the stock.
Apple still accounts for nearly 21% of Berkshire Hathaway's stock portfolio. Berkshire Hathaway finished the third quarter with over $320 billion in Treasury bills.
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Apple is a long-term buy, driven by the iPhone 17 supercycle, high-margin Services growth, and aggressive capital returns. AAPL's valuation premium is justified by a 171.42% ROE, robust balance sheet, and operational leverage, despite a TTM P/E of 36.44x. Key upside catalysts include a projected 25% China market share rebound, $100B annual buybacks, and Services margin expansion via AI and Priv...
Apple's artificial intelligence (AI) innovations have been lackluster, but its ecosystem is as powerful as ever. Amazon is driving tremendous growth in its AWS cloud division thanks to strong AI demand.
Apple on Wednesday released an updated developer license agreement that gives the company permission to recoup unpaid funds, such as commissions or any other fees, by deducting them from in-app purchases it processes on developers' behalf, among other methods.
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