Reported 1 day ago
Warren Buffett's Berkshire Hathaway has allocated a substantial 24% of its $303 billion portfolio to Apple, a move that has paid off significantly since its initial investment in 2016, yielding a 797% increase in share value. Nevertheless, the company has begun to reduce its stake due to concerns over valuation and potential saturation in iPhone sales, with current P/E ratios far exceeding historical averages. While Apple remains a dominant position for Berkshire, potential investors are advised to exercise caution and monitor the stock closely.
Source: YAHOO