Warren Buffett Is Selling Apple Stock and Buying This Magnificent Megacap Stock Instead

Category: Finance

Warren Buffett has reduced Berkshire Hathaway's stake in Apple by 55% in recent quarters, despite praising the company as a superior business. Apple's recent financial results showed a revenue increase but declining sales in China, raising concerns about its future growth. Meanwhile, Berkshire Hathaway reported solid earnings, particularly in its insurance segment, and Buffett continues to believe in the company's undervaluation, suggesting it remains a defensive investment option.

Keywords: Warren Buffett, Berkshire Hathaway, Apple

Source: Motley Fool

Update At: 8/6/2024

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