Reported 22 days ago
Warren Buffett's Berkshire Hathaway has notably decreased its Apple shares from 907.6 million to about 296 million, primarily due to tax concerns and perceived overvaluation of Apple stock. Despite this, the careful approach to selling has surprisingly led to an increase in Apple's share price from $192.53 at the end of 2023 to $233 by September 30, 2024. Buffett may also be preparing Berkshire for a smooth transition in leadership, considering his age and the company's diversified investments.
Source: YAHOO