Why Did Warren Buffett Slash His Stake in Apple Stock?

Category: Finance

Warren Buffett's Berkshire Hathaway significantly reduced its stake in Apple by nearly 50% in Q2 2024, following a 13% cut in Q1. This move has raised concerns among Apple shareholders, especially as Buffett cites tax implications for the sales. Despite these reductions, Buffett maintains a positive view of Apple and Bank of America, indicating that his actions are part of a broader strategy to maximize returns rather than a sign of dissatisfaction with the companies. Berkshire Hathaway's selling trend may continue as the company typically sells equities when stock prices are high.

Keywords: Warren Buffett, Berkshire Hathaway, Apple stock

Source: Kiplinger's Personal Finance

Update At: 8/6/2024

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