Apple Slides 5% Post-WWDC as Buffett's Sale Draws Scrutiny

Apple shares fell more than 5% in the week after WWDC 2026 as investors reacted negatively to the new Gemini-powered Siri rollout, which will skip the EU and China this fall. The pullback revived debate over Warren Buffett’s decision to slash Berkshire’s Apple stake from 914.6 million shares in 2023 to 227.9 million today. Earlier in the week, Jim Cramer defended Apple’s restrained AI approach and 2.5 billion-device base, while analysts highlighted its $100 billion buyback and low $12.7 billion capex versus peers’ $400 billion spend. Despite the volatility, Apple’s strong services growth and fortress balance sheet continue to support a constructive long-term view.