Warren Buffett's Strategic Apple Stake Reduction Boosts Berkshire's Cash Reserves
Buffett's decision to trim Apple holdings raises Berkshire Hathaway's cash to a record $325 billion, sparking speculation about future moves.
- Berkshire Hathaway's cash reserves have surged to $325 billion after Warren Buffett reduced his stake in Apple and other stocks.
- Buffett's Apple holdings, once worth $174.3 billion, have been significantly trimmed, contributing to a $97 billion gain for Berkshire.
- Analysts speculate that Buffett's move could be preparation for a management transition or an anticipation of a potential economic downturn.
- Despite the reduction, Apple remains Berkshire's largest equity holding, valued at $69.9 billion, reflecting Buffett's long-term confidence in the company.
- Apple's revenue has shifted towards services, with a notable increase in gross profit margin, despite a decline in product sales.