Warren Buffett Reduces Apple Holdings, Shifts Focus to Berkshire Hathaway
Buffett's recent sale of Apple shares reflects strategic adjustments, emphasizing Berkshire Hathaway's stability and future prospects.
- Buffett's Berkshire Hathaway cut its Apple stake by 55%, retaining 400 million shares worth $84 billion.
- Despite the sale, Apple remains Berkshire's largest holding, making up 29% of its portfolio.
- Buffett cited concerns over Apple's valuation and future outlook as reasons for the reduction.
- Berkshire Hathaway has repurchased $5 billion of its own shares, indicating confidence in its long-term value.
- Analysts suggest the move aligns with Buffett's strategy to maintain liquidity and manage tax liabilities.