Warren Buffett's Berkshire Hathaway Cuts Apple Stake by Almost Half

Published 2024-08-04
Berkshire Hathaway Inc. has slashed its stake in Apple Inc. by almost 50%. That's part of a massive second-quarter selling spree that boosted Warren Buffett’s cash pile to a record $276.9 billion. Katherine Doherty reports on Bloomberg Television.
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All Comments (21)
  • @AmithKaury
    Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
  • Very interesting, he held it long enough, its time to reap the benefits. This is why he stays rich.
  • @AH-fm7rj
    He started selling in last quarter. He sold 13% in Q1 and another 50% in Q2. Most probably the rest in Q3.
  • @cato451
    Smart move. Tim Cook is leading the charge down the tubes.
  • They will invest it in Lockheed Martin and the rest.of the military industry
  • @pauleverest
    Apple has lost the ai battle, screwed up the car, didn’t buy Tesla and charge you $130 for a charger. Slow your phone down when they want you to buy a new one.
  • @GordonMoat
    Reasonably good timing to take profits. Better to have ready cash to deploy on the downturn.
  • @pmkmedia
    That’s nice, so for the current sales which ones are the best deals right now? I have not seen prices like these for a while, bit excited
  • I started cashing out of most of my stocks after Buffett spoke at his last meeting. He basically said everything is too expensive and the global condition was bad.
  • @abcdef-un5by
    Except for Mac...ther is no apple product which is the best....worst pricento performance....even for Mac you can get decent windows pc for half the price
  • @gerard6038
    They're not to say "it's because things are about to get bad" that would make the whole world go crazy.
  • The people who locked in the 10-year Treasury yield at 500 bps must be feeling on top of the universe now. And they have all the legitimate right under the Sun to feel that way.