Reported 2 months ago
Apple's stock fell approximately 4% to $210.91 following the announcement that Warren Buffett's Berkshire Hathaway cut its stake in the tech giant by nearly 50%. This reduction, noted in the latest SEC filing, comes after a previous 13% decrease in the first quarter. Despite these cuts, Apple remains Berkshire's largest holding, valued at $84.2 billion as of June 30. Additionally, UBS indicated a slowdown in App Store revenue growth, further contributing to negative sentiments.
Source: YAHOO