Reported about 1 month ago
Warren Buffett's Berkshire Hathaway cut its investment in Apple by 55% in early 2024, resulting in a potential loss of $23 billion in profits as Apple stocks surged due to enthusiasm for new technology. The conglomerate held approximately 905.6 million shares valued at $174 billion at the beginning of the year, but after the sell-off, its remaining stake was worth only $84 billion. The strategic timing of these sales has raised questions, although Buffett's investment in Apple still stands as one of his most successful trades.
Source: YAHOO