Berkshire’s Cash Stockpile Soars as It Cuts Its Stake in Apple

Category: Finance

Berkshire Hathaway's cash reserves reached nearly $277 billion in Q2 after selling a significant portion of its Apple shares. The company sold about 390 million Apple shares, increasing its cash stake from $189 billion to $276.9 billion. Second-quarter profits rose 15% to $11.6 billion, driven largely by its insurance businesses.

Keywords: Berkshire Hathaway, Warren Buffett, Apple shares

Source: The New York Times

Update At: 8/3/2024

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