Warren Buffett is Trimming His Apple Stock Investment and Investing in Another Promising Mega-Cap Stock Instead

Reported about 1 year ago

Warren Buffett's Berkshire Hathaway sold 116 million Apple shares, reducing the stake by 13% in the March quarter. Despite Apple still accounting for 40% of its portfolio, Buffett has trimmed the position for two consecutive quarters. Meanwhile, Buffett purchased shares of Berkshire Hathaway, which has a history of outperforming the S&P 500 index. Berkshire's book value per share has increased annually, demonstrating the stock's value over time. Buffett's confidence in Berkshire's intrinsic value and its diverse range of businesses make it a compelling investment.

Source: YAHOO

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