Financial firm Berkshire Hathway has spent a year reducing its shares of AAPL stock, which once took up half of chairman Warren Buffett’s entire portfolio.
For the fiscal third quarter 2024, which ended on September 30, Buffett still held $69.9 billion in AAPL, or around 300 million shares. One year ago, his firm had four times as many shares in the iPhone maker.
Berkshire Hathaway has given no reason for the year-long selloff, though other financial analysts have speculated that Buffett may consider the stock overvalued. AAPL is up 20 percent for the year so far, which compares to the average performance of the S&P 500 overall for 2024.
Continue Reading on AppleInsider | Discuss on our Forums
Source: AppleInsider News
2025's going to be a year of One Piece, and kicks off with the anime…
Do you think The Good Wife writers knew they had a fan-favorite character on their…
Turns out, things aren't quite rosy for James Bond: the Broccolis and Amazon MGM can't…
A company is betting on aluminum to solve K-cups’ sustainability problem. Experts say it’s complicated.
What a fittingly unusual year for Ricoh Pentax, a photo company that itself is quite…
A recent bulletin sent to BMW dealers confirms that production of the iconic BMW M8…