Reported 2 months ago
Warren Buffett's recent decision to sell a substantial portion of Berkshire Hathaway's Apple shares, reducing holdings to around $88 billion from a peak of $174.3 billion, reflects both prudent profit-taking and concern for Apple's future profitability, particularly regarding its China market. Despite the sales, Apple remains resilient, with a 23.6% increase in stock value during the second quarter of 2024. Buffett, known for his value investing approach, is now holding cash and treasury bills, preparing to reinvest when opportunities arise amid market volatility.
Source: YAHOO