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HomeNewsBerkshire Hathaway of Legendary Investor Warren Buffett Reduces Stake in Apple

Berkshire Hathaway of Legendary Investor Warren Buffett Reduces Stake in Apple

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London, May 4, 2024 (Financeflashnews) – The renowned investor Warren Buffett’s investment company Berkshire Hathaway has decreased its holdings in Apple, a leading manufacturer of technology. This was reported in today’s quarterly earnings report.

The value of Berkshire’s investment in Apple is now at $135.4 billion, reflecting ownership of approximately 790 million shares. This adjustment represents a 13% reduction in Berkshire’s stake in Apple.

Despite this reduction, Apple remains the largest holding in Berkshire Hathaway’s portfolio.


Key takeaways:

  • Berkshire Hathaway sold 13% of its Apple shares in the first quarter of 2024.
  • The investment firm’s stake in Apple is now valued at $135.4 billion.
  • Berkshire Hathaway remains Apple’s largest shareholder, excluding exchange-traded fund providers.

Additional facts:

  • Berkshire Hathaway is a holding company that owns a variety of businesses and invests in stocks, bonds, and real estate.
  • Warren Buffett is known as the “Oracle of Omaha” and is considered one of the most successful investors in the world.
  • Apple is one of the most valuable tech giants in the world and is the maker of popular products such as the iPhone, iPad, and Mac.

Sources:

Financeflashnewshttps://financeflashnews.com
This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

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