In Q1 2024, Berkshire Hathaway, led by Warren Buffett, reduced its Apple stake by 12.9%, valuing it at $135.4B from $174.
Berkshire Hathaway, led by Warren Buffett, reduced its Apple stake by 12.9% in Q1 2024, valuing it at $135.4 billion from $174.3 billion in Q4 2023. Buffett praised Apple as a better business than Coca-Cola and American Express, but attributed the sale to cash raising and lower federal tax rates on corporate capital gains. Despite Apple's underperformance, it remains a buy for Berkshire.
May 11, 2024
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