Reported 22 days ago
Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple Inc. by approximately 25% in the third quarter, following a near 50% cut in the second quarter, leading to a total decline in value of nearly 60% this year. Despite a 10.6% rise in Apple shares recently, the company faces challenges including stagnant iPhone growth and increased competition, particularly in China. Analysts suggest Buffett's sales might be driven by rebalancing his portfolio and potential discomfort with tech investments.
Source: YAHOO