Berkshire's Stock Transactions in Buffett's Final Quarter
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2026
0mins
Should l Buy AAPL?
Source: CNBC
- Stock Selling Trend: In Warren Buffett's final quarter as CEO, Berkshire Hathaway sold more stocks than it bought, reducing its stakes in Apple and Bank of America by 75%, indicating the company's ongoing caution towards tech stocks.
- Amazon Stake Reduction: Berkshire sold 7.7 million shares of Amazon in Q4, decreasing its stake's value from $2.2 billion to $478 million, a reduction of 77%, reflecting a waning confidence in the tech giant.
- Increased Investments in Oil and Insurance: Berkshire raised its stake in Chevron by 6.6% during Q4, adding $1.2 billion to the position, with the current value nearing $24 billion, showcasing the company's sustained optimism in the energy sector.
- Minor Return to Newspaper Business: Berkshire added a small stake in The New York Times during Q4, currently valued at $395 million, which, while only 0.1% of its equity portfolio, indicates a renewed interest in traditional media.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 264.180
Low
239.00
Averages
306.89
High
350.00
Current: 264.180
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Strong Earnings Report: Apple reported a 16% year-over-year revenue increase in Q1 2026, reaching $123 billion, primarily driven by robust demand for the iPhone 17 series, underscoring its sustained leadership in the smartphone market.
- Surge in iPhone Revenue: iPhone revenue hit $85.3 billion, up 23% year-over-year, reflecting consumer enthusiasm for new products and further solidifying Apple's profit margins, with a net income margin of 29%.
- Growth Slowdown Warning: Despite a 11.1% annual growth in earnings per share over the past five years, analysts project a slowdown to 11.6% growth over the next three years, indicating that Apple's high-growth phase may be over, prompting investors to carefully assess future return potential.
- Valuation Considerations: With a current price-to-earnings ratio of 34.7, Apple's high-quality business may not present a compelling buying opportunity at this valuation, especially in light of Berkshire Hathaway's reduction in its Apple holdings, raising concerns about market confidence in its future performance.
See More
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- New Model Launch: Apple Inc. unveiled the iPhone 17e on Monday, a more affordable model that combines exceptional performance with advanced features, likely appealing to budget-conscious consumers.
- Pre-order and Release Dates: The iPhone 17e will be available for pre-order starting March 4 and will hit stores on March 11, further expanding Apple's product lineup in the smartphone market.
- Enhanced Technical Specifications: The new model features the A19 chip and C1X modem, providing faster processing speeds, improved connectivity, and better battery efficiency, aimed at enhancing user experience and strengthening market competitiveness.
- Camera and Satellite Features: The iPhone 17e includes a 48MP Fusion camera and optical-quality 2x telephoto lens, while also supporting Apple's satellite features such as Emergency SOS and Roadside Assistance, ensuring users remain connected even in areas without cellular coverage.
See More
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- Market Sentiment Improves: Late Monday afternoon, tech stocks broadly rose, reflecting investor optimism about the technology sector's outlook, which may drive increased trading activity going forward.
- Investor Focus: As tech stocks rise, market participants are beginning to reassess their portfolios, potentially leading to capital inflows into the tech sector, further boosting the stock performance of related companies.
- Sector Performance: The Technology Select Sector SPDR ETF showed strong performance, indicating market confidence in the profitability of tech companies, which may attract more investor attention to this sector.
- Future Outlook: If tech stocks continue to rise, it could stimulate a broader market recovery, with investors closely monitoring upcoming economic data and corporate earnings reports to assess the potential for sustained market growth.
See More
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- Market Volatility Impact: Despite uncertainties surrounding the Middle East conflict and rising energy prices raising inflation concerns, the S&P 500 initially dropped about 1% after the opening bell but quickly rebounded after President Trump announced that Operation Epic Fury was ahead of schedule, indicating a restoration of investor confidence.
- New Product Launch: Apple unveiled the new budget iPhone 17e on Monday, starting at $599, which is $200 cheaper than the standard model, reflecting the company's proactive strategy to attract more users into its ecosystem while setting the stage for upcoming product announcements.
- Sales Growth Potential: The launch of the iPhone 17 series coincides with a 23% increase in overall sales during the holiday quarter, which not only strengthens Apple's market position but also has the potential to enhance its high-margin subscription services like Apple Music by attracting users seeking AI capabilities.
- Executive Transition Impact: Eaton has appointed former executive David Foster as the new CFO, replacing Olivier Leonetti, who announced his departure last year; Foster's extensive experience at Eaton is expected to facilitate a smooth transition and drive the company's strategic shift towards the data center market.
See More
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- iPhone 17e Pricing Impact: The average selling price (ASP) of the iPhone 17e is expected to be about 27% lower than the overall iPhone ASP, indicating that the impact on sales will lag behind the impact on units sold, potentially leading to slow sales growth in the short term.
- Limited Impact of New iPad Air: The new iPad Air, priced at $599, is not expected to significantly affect Apple's overall performance, as it only accounts for about 7% of revenue, with Munster suggesting its contribution is negligible in the short term.
- Sales Forecast: Munster estimates that the iPhone 17e will account for 20% of total units sold from March to June, declining to 15% thereafter; if growth reaches 15%, it could boost overall units by 3% in upcoming quarters and maintain a 1.5% growth in the following year.
- Market Sentiment Analysis: Retail sentiment around AAPL shares on Stocktwits has been in the 'bearish' territory over the past 24 hours, despite the stock gaining over 11% in the past year, indicating a cautious market reaction to the new product launches.
See More
Apple Launches iPhone 17e with Enhanced Performance and Features
- Performance Boost: The iPhone 17e features the new A19 chip, ensuring exceptional performance for daily tasks and high-end gaming, while the improved C1X modem significantly enhances battery life, meeting user demands for high-performance devices.
- Storage and Camera Upgrade: Offering 256GB and 512GB storage options, the iPhone 17e doubles the entry-level storage capacity and includes a 48MP Fusion camera that supports 4K Dolby Vision video recording, enhancing the user experience and attracting customers looking to upgrade.
- Pre-order and Launch Dates: The device will be available for pre-order starting March 4, with sales commencing on March 11 across more than 70 countries, including India, which is expected to drive Apple's sales growth in the global market.
- Design and Durability: Featuring a lightweight yet strong aluminum body with an IP68 rating for water and dust resistance, the iPhone 17e is equipped with a Super Retina XDR display that enhances visual experience, making it ideal for streaming and gaming, further solidifying Apple's competitive position in the smartphone market.
See More
