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Berkshire had begun selling Apple in the first quarter, and the value of its stake in the tech giant is down 56% from the end of 2023, when it was worth $174.3 billion.
The news that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold half of its Apple (NASDAQ: AAPL) stock probably came as a shock to many investors.
The 93-year-old investor largely avoided technology companies for most of his career before Apple. Berkshire began buying the stock in 2016 under the influence of Buffett’s investing lieutenants ...
Apple (NASDAQ: AAPL) used to be an outsize position of Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Although it's still his largest by a decent margin, recent ...
Warren Buffett sold roughly half of Berkshire Hathaway’s stake in Apple during the second quarter and revealed a record cash pile of more than $270 billion at the end of June, contributing to ...
With Donald Trump winning the presidential election in the U.S., an increase is almost certainly off the table for the next four years, so if Berkshire continues to sell Apple stock in Q4, we'll ...
That's less than one-third of the position Berkshire held a year ago. Buffett started selling Apple shares in the fourth quarter of last year, but the sales took a big step up in the second quarter.
It has become more difficult for Apple to innovate on this product, and that’s part of the reason why growth has decelerated over the years. iPhone revenue grew by 5.5% year-over-year.