AI Services Boost Demand, iPhone 16 Shipments to Increase by 10% in H2, Apple Hits Another Intraday High

Apple surged, but Berkshire Hathaway lagged.

Apple’s stock price hit another new high, while Berkshire, which holds a significant amount of Apple stock, has risen by about 12.59% this year, underperforming the S&P 500.
Analysts note that, based on the June 30th book value of $425,000 per Berkshire A share, its price-to-book ratio is about 1.45, in line with the five-year average. In February, the price-to-book ratio exceeded 1.6.