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Warren Buffett Reduces Berkshire Hathaway's Apple Stake by 56%

The significant sell-off raises questions about Apple's future growth and valuation.

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Michelle King of San Francisco does yoga in the See's Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on May 4, 2024, in Omaha, Neb. Berkshire Hathaway reports earnings on Saturday, Aug. 3, 2024. (AP Photo/Rebecca S. Gratz, File)

Overview

  • Buffett's decision marks a drastic shift from his previous stance on Apple's long-term value.
  • Apple's declining revenue and regulatory issues may have influenced the move.
  • Buffett's actions could prompt other investors to reconsider their Apple holdings.
  • Berkshire Hathaway's remaining Apple investment is valued at $84.2 billion.
  • The sale coincides with broader portfolio adjustments, including reductions in BYD and Bank of America stocks.