Berkshire Hathaway posts record profits and increases cash reserves, sells off significant Apple shares.

From Investing.com: 2024-05-04 08:55:26

Berkshire Hathaway posts record quarterly profit, boosted by insurance operations. Cash stake swells to $189 billion, potentially due to selling off significant Apple shares. Stake in Apple falls 22% to $135.4 billion on March 31. Operating profit rises 39% to $11.22 billion, net income falls 64% to $12.7 billion. Berkshire repurchases $2.6 billion of its own stock. Buffett urges investors to ignore stock holding volatility. Shareholder meeting draws tens of thousands to Omaha.



Read more at Investing.com: Berkshire has record profit, cash soars to $189 billion as Apple stake sinks By Reuters