Apple Stock (AAPL) Near Record Highs as Buffett Trims, Layoffs Surprise, and iPhone 17 Powers a “Best-Ever” Quarter Outlook
Apple shares closed Friday near $278, just below their all-time high, with a market value over $4.1 trillion. Q4 revenue hit $102.5 billion, up nearly 9% year over year, and CEO Tim Cook forecast record holiday sales. Warren Buffett continued reducing his Apple stake as the company conducted rare layoffs. iPhone 17 shipments are projected to reclaim the global smartphone lead from Samsung.