From Investing.com: 2024-05-04 10:52:52

Warren Buffett’s Berkshire Hathaway cut its stake in Apple, now valued at $135.4 billion with approximately 790 million shares. This marks a 13% reduction in Berkshire’s ownership in Apple, but it remains their largest holding. Apple announced a $110 billion share buyback after a surge in stock despite declining iPhone sales.

Berkshire Hathaway reported an operating income of $11.22 billion, a 32% increase from the previous quarter. The company remains the largest shareholder in Apple, excluding ETF providers. Apple’s stock rose last week following the announcement of the buyback, solidifying its position in Berkshire’s portfolio.



Read more at Investing.com: Berkshire Hathaway trims Apple stake by 13% By Investing.com