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Buffett's Apple Faith Unshaken by CEO Change
17 Jul
Summary
- Buffett's confidence in Apple remains strong despite leadership transition.
- Berkshire Hathaway's substantial Apple stake remains untouched.
- Apple reported record revenue and earnings in its fiscal second quarter.
Warren Buffett has reiterated his steadfast confidence in Apple, despite the upcoming CEO transition. Berkshire Hathaway, a significant investor, has kept its substantial Apple holdings unchanged in the first quarter of 2026, indicating a strong vote of confidence from new CEO Greg Abel.
Apple is preparing for a leadership change with Tim Cook moving to executive chairman and John Ternus assuming the CEO role on September 1, 2026. This transition occurs as Apple reported record-breaking financial results for its fiscal second quarter, ending March 28, 2026.
The company's revenue surged 17% year over year to $111.2 billion, with earnings per share increasing by 22% to $2.01. Both iPhone and services revenue reached all-time highs, with the services segment showing robust growth and high-margin profitability.
