Apple Inc (AAPL)

[Investors3]

Berkshire Hathaway (NYSE:BRK.B) – Warren Buffett increased Berkshire Hathaway’s cash reserves to $276.9 billion in June, up from $189 billion the previous quarter. The company sold $75.5 billion in stocks, including around 505 million Apple shares. Despite a record operating profit of $11.6 billion in Q2 (up 15%), Berkshire bought only $345 million of its own shares, less than the $2.57 billion the previous quarter. Net profit fell 15%, totaling $30.34 billion. According to Buffett, the sale of nearly half of Berkshire’s Apple stake does not indicate a lack of confidence in the tech giant but rather a risk management strategy. Buffett adjusted his Apple position to reduce concentration and balance the portfolio. Apple remains Berkshire’s largest position, and the decision reflects caution regarding the stake size rather than doubt about the company’s future. Buffett believes the market is overestimating the impact of AI innovation, but the company still has significant potential. BRK.B shares are down -3.8% pre-market.

Apple (NASDAQ:AAPL) – Apple Intelligence, shown to developers, still does not match the expected enthusiasm. Apple delayed its introduction to October and did not include all features in the initial release. The company is also reorganizing its design leadership and expects revenue growth despite weakness in China. The iPhone 16 will launch in September, while Apple Intelligence will be integrated later. In Thailand, Apple pulled an ad after criticism that the film, depicting Bangkok and Rayong, misrepresented the country as underdeveloped. Lawmakers and citizens protested, and the Thai government was concerned about the country’s tourism image. Apple apologized, stating it did not intend to offend. Apple shares are down -6.5% pre-market.

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