Warren Buffett’s Berkshire Hathaway continues to reap the benefits of its investment in Apple (AAPL), a stock that has surged 107,400% since 1990. Despite skepticism surrounding the tech giant’s growth potential, particularly regarding its reliance on China and competition in the AI sector, Apple reported impressive financial results for Q2 2026, with sales climbing nearly 17% year over year to $111.2 billion and earnings per share rising 22% to $2.01. The success of the latest iPhone, bolstered by AI enhancements, played a significant role in this growth.
Apple’s strategy to innovate and expand its product offerings, including a new AI-driven Siri and a budget-friendly laptop, positions the company for sustained hardware sales. Additionally, its services segment reached an all-time high of $31 billion, indicating strong potential for margin expansion as its installed base grows beyond 2.5 billion active devices.
For market professionals, Apple’s ability to navigate challenges while delivering solid results underscores its resilience and growth potential, making it a compelling investment despite its premium valuation.
Source: fool.com