Get the latest tech news
Warren Buffett sells nearly half of Berkshire’s stake in Apple
According to filings published today, Warren Buffett’s Berkshire Hathaway sold nearly 50% of its stake in Apple during the second...
Berkshire Hathaway has been rapidly building up its cash reserves in recent months, trimming positions in some of its major holdings. When Berkshire Hathaway initially sold 13% of its stake in Apple in Q1 of 2024, they suggested that the move was primarily for tax purposes on an earnings call. At Berkshire Hathaway’s annual meeting back in May, Apple CEO Tim Cook commented on the firm shortly after their initial sale – and still stated that “it’s a privilege to have them as a shareholder”.
Or read this on r/apple
