Berkshire Hathaway reported a 14% decline in Q1 operating profit to $9.64 billion, primarily due to $1.1 billion in insurance losses from Los Angeles-area wildfires and adverse foreign currency impacts. Net income dropped 64% to $4.6 billion, affected by unrealized losses on major stock holdings, including Apple. Despite these setbacks, the company’s cash holdings surged to a record $347.7 billion, a result of limited acquisition opportunities. Berkshire neither repurchased its stock nor made significant stock acquisitions in the quarter, instead selling $4.68 billion in shares. El País+3Reuters+3Investopedia+3
At the annual shareholder meeting, Warren Buffett announced that Greg Abel will succeed him as CEO by the end of 2025, with Buffett remaining as chairman in an advisory role. news
🍏 Apple Inc. (AAPL)
Apple reported a 4% year-over-year decline in Q1 revenue, totaling $90.8 billion, with earnings per share at $1.53. The company announced a 4% increase in its quarterly dividend and authorized an additional $110 billion for share repurchases. Despite the revenue dip, Apple’s services segment reached an all-time high, and the company emphasized its commitment to innovation and long-term growth.
🛒 Amazon.com Inc. (AMZN)
Amazon’s Q1 revenue grew 13% year-over-year to $127.4 billion, with net income rising to $5.2 billion. The company highlighted strong performance in its AWS cloud segment and advertising business. CEO Andy Jassy noted ongoing investments in generative AI and infrastructure to support future growth.
💻 Microsoft Corp. (MSFT)
Microsoft reported Q1 revenue of $61.9 billion, a 17% increase year-over-year, driven by strong growth in its cloud services, including Azure and Office 365. Net income rose to $22.2 billion, with earnings per share at $2.94.
