Warren Buffett sells half of Berkshire Hathaway's stake in Apple due to high stock price.

From NASDAQ.: 2024-08-11 07:43:00

Warren Buffett has sold half of Berkshire Hathaway’s stake in Apple, boosting the company’s cash reserves to $277 billion. Apple’s hardware revenue is stagnating, with services revenue climbing to $71 billion. However, Apple’s stock is at an all-time high with a P/E ratio of 31.5, leading Buffett to trim his position. The uncertainty around Apple’s services income and high stock price make it a risky investment. For more promising investment opportunities, consider other stocks recommended by The Motley Fool Stock Advisor team.



Read more at NASDAQ.: Warren Buffett Just Trimmed His Apple Stock. Should You?