Warren Buffett’s Berkshire Hathaway sold nearly 50% of its Apple stake in Q2 2024, following a 13% reduction in Q1. Initially, Berkshire cited tax purposes for the Q1 sale, with Buffett affirming Apple as their largest holding barring significant changes. However, the larger Q2 sell-off hints at uncertainty regarding Apple and the market. Berkshire’s cash reserves have soared to $277 billion, an $88 billion increase from the previous quarter. Their Apple stake is now about 2.6% of the company, worth $84.2 billion, down from $135.4 billion last quarter. Tim Cook praised Berkshire as a shareholder despite the reductions.
Read more – https://9to5mac.com/2024/08/03/warren-buffet-aapl-sell/
