AppleNASDAQ: AAPL

Warren Buffett's Berkshire Hathaway (NYSE:BRK-B) may have offloaded a massive chunk of Apple (NASDAQ:AAPL) stock this year.

Apple faces a looming deadline to produce what it says are more than 1 million documents related to recent App Store changes.

Warren Buffett has been selling Apple stock throughout 2024, despite the high anticipation of the new iPhone and the company's ambitions related to artificial intelligence (AI). David Shaw's hedge fund trimmed its stake in Apple during the second quarter.

Apple may see increased demand with the launch of its new AI-powered iPhones. The processors that power these iPhones are made by Taiwan Semiconductor.

Apple's revenue and profit have remained steady for several years, but new AI-driven products might improve this trend. Nvidia has seen incredible growth since the beginning of the AI boom, but increasing competition could affect its leading position.

Apple is set to perform well in the fourth quarter of 2024 and later, thanks to the launch of the iPhone 16 and possible new products. Revenue is predicted to grow by 7% in 2025 and between 5-7% in 2026, with gross margins around the mid-40% range. However, there are risks such as unsuccessful product launches, longer hardware upgrade cycles, and increased regulatory attention.

Sales of Apple's newest iPhone models have begun well, which is positive for Qorvo. Recently, Qorvo has seen better profit margins, and an increase in its components used in the new iPhones could enhance its profits.

According to The Wall Street Journal, Apple has stopped discussions about investing in OpenAI's upcoming funding round. This funding round could potentially value OpenAI at $150 billion and raise as much as $6.5 billion.

According to the Wall Street Journal on Friday, Apple has decided not to take part in a funding round for OpenAI that is anticipated to gather around $6.5 billion.