Reported 7 months ago
Warren Buffett's stake in Apple has reached $169 billion, surpassing the value of many S&P 500 companies. Berkshire Hathaway's 5.1% stake in Apple is now worth more than 450 companies in the S&P 500. Despite Berkshire's 13% reduction in their Apple holding last quarter, the stock's surge of 25% in under three months has significantly increased the value of Buffett's stake. Buffett's decision to reduce his Apple stake was partly influenced by concerns over potential tax increases by the US government and maintaining cash reserves during uncertain economic times.
Source: YAHOO