Apple Reports Record Device Installation and Financial Highlights
Apple CEO Tim Cook announced a record of over 2.5 billion active devices during the Q1 2026 earnings call, showcasing the company’s extensive consumer reach. Additionally, Apple’s services revenue reached an all-time high of $30 billion, up 14% year-over-year, highlighting the strength of its hardware and software ecosystem.
Despite this growth, concerns arise as Warren Buffett’s Berkshire Hathaway has sold shares in Apple across six quarters, reducing its stake from a peak of over 900 million shares to 238 million. The stock currently trades at a price-to-earnings ratio of 34.1, prompting questions about valuation and future investment potential.
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