Reported 2 months ago
Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple by nearly 50%, dropping its market value from over $173 billion to just over $84 billion. This decrease has raised questions among investors regarding Buffett's strategy, indicating a potential shift in portfolio allocation and possibly a defensive maneuver amidst Apple's recent performance challenges. Despite this sell-off, Berkshire still maintains a substantial position in Apple, and analysts suggest investors should remain confident in the company's ongoing profitability and growth opportunities.
Source: YAHOO