Reported 2 months ago
Jim Cramer discussed Warren Buffett's significant cut of nearly half in Berkshire Hathaway's stake in Apple, reducing its holdings from 789 million to approximately 400 million shares, which leads to a forgone dividend income of about $97.5 million. This decision may have been influenced by Apple's recent challenges in China, despite the company still reporting strong performance in the region. Cramer emphasizes the importance of considering broader market conditions in this context.
Source: YAHOO