Warren Buffett and Ken Fisher Love Apple (AAPL) – Here’s Why

We just covered Billionaire Ken Fisher’s Latest Portfolio: 10 Best AI Stocks to Buy. Apple Inc. (NASDAQ:AAPL) ranks #2 (see the 5 Best AI Stocks to Buy).

Billionaire Ken Fisher’s Stake: $14.99 billion

Despite all the talk of a lack of an AI strategy and slowing iPhone sales growth, Apple Inc. (NASDAQ:AAPL) stock is becoming a staple and an essential part of major billionaires’ portfolios like Ken Fisher and Warren Buffett. The biggest stamp of approval on Apple’s turnaround came from Buffett, who admitted in a March 2026 interview that he sold a significant portion of his stake “too soon” and would consider buying back “a whole lot” if the price were lower, effectively acknowledging the enduring strength of the business.

Apple Inc. (NASDAQ:AAPL) has 2.5 billion active devices globally, giving it a sticky ecosystem that acts as an automated recurring revenue machine. This massive installed base allows Apple to monetize users through high-margin subscriptions regardless of individual hardware upgrade cycles.

Apple Inc’s (NASDAQ:AAPL) transition toward a high-margin, recurring service business is also going as planned. The business now accounts for roughly 21% of Apple’s overall revenue and has become a $100 billion a year business.

With over $200 billion in cash and a long history of consecutive dividend growth, Apple Inc. (NASDAQ:AAPL) can make strategic moves to maintain market dominance while also expanding into other high-margin businesses like services, wearables, and emerging tech.

RiverPark Large Growth in its fourth quarter 2025 investor letter explained several reasons why Apple remains a compelling long-term investment. (Click here to read the full text).

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.