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Warren Buffett’s Berkshire Hathaway cuts Apple stake by almost 50% in selling spree

Money Control · 10m

Berkshire Hathaway, led by Warren Buffet, reduced its stake in Apple by around 50% in Q2, which contributed to its record cash pile of $276.9 billion. During the same quarter, the conglomerate sold $75.5 billion worth of stock while reporting operating earnings of $11.6 billion. Berkshire struggled to find profitable investment opportunities due to a slow deal environment. Buffet sold shares as the S&P 500 reached record highs, and regulatory filings indicated that the company reduced its stake in Bank of America. Apple's sales to China fell 6.5% in Q3, potentially indicating that it is losing ground in the important market.