Reported 2 months ago
Warren Buffett has significantly reduced Berkshire Hathaway's investment in Apple, selling over 116 million shares this year, which has raised concerns among investors given the company's previously strong position in Buffett's portfolio. This move, coupled with a decline in Berkshire's overall earnings and Buffett's rising cash reserves, signals potential caution about economic conditions. Analysts suggest that while the sale may reflect prudent portfolio management, it could also indicate preparation for a challenging market ahead.
Source: YAHOO