Reported 2 months ago
Warren Buffett's Berkshire Hathaway has reduced its Apple stock holdings by approximately half, bringing the total to $84.2 billion, as revealed in an SEC filing. Although Apple remains the company's largest investment, this follows a previous 13% cut earlier this year, possibly indicating Buffett's wavering confidence in the tech giant or a general inclination to sell stocks, including a notable sale of $3.8 billion in Bank of America shares. This decision comes amid Apple's declining iPhone sales and efforts to launch new AI features.
Source: YAHOO