Berkshire Hathaway trims Apple stake by 13%
Berkshire's Apple investment is now valued at $135.4 billion, reflecting ownership of approximately 790 million shares. This adjustment signifies a 13% decrease in the company's stake in the tech giant.Apple stock surged last week after the tech giant announced a record $110 billion share buyback authorization despite falling iPhone sales.
As of the end of the first quarter, Berkshire Hathaway remains the largest shareholder in Apple, excluding exchange-traded fund providers. Earlier today, Warren Buffett-controlled company reported operating income of $11.22 billion, which represents a 32% rise from $8.48 billion in Q1 2023.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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