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Buffett reiterates Apple favorite status ahead of Tim Cook succession
Berkshire holds Apple as its largest position, about 22% of the conglomerate's roughly $263 billion equity portfolio, and Apple reported double digit revenue and EPS growth in its fiscal second quarter.
Berkshire Hathaway CEO Warren Buffett told CNBC he still considers Apple one of his favorite businesses, even as the company prepares for a leadership change that is set to take effect in early September.
Apple announced in April that Tim Cook will become executive chairman on Sept. 1, with hardware engineering chief John Ternus taking over as chief executive. According to the report, the succession matters to investors because it represents a change at one of the world’s most valuable companies.
The article also points to Berkshire’s continuing exposure to Apple. Berkshire owns more than $70 billion in Apple stock, and Apple makes up about 22% of Berkshire’s roughly $263 billion equity portfolio, a stake that the company left unchanged in its most recent quarter.
It adds that Apple’s recent results were strong. In its fiscal second quarter ended March 28, 2026, Apple revenue rose 17% year over year to $111.2 billion, while earnings per share increased 22% to $2.01, with March-quarter records for both. iPhone revenue grew 22% to a record $57 billion, and the report attributes the iPhone strength to demand for the iPhone 17 lineup.