Billionaire Buffett Divested Nearly Half of Apple Shares.
The Berkshire Hathaway fund, owned by Warren Buffett, has reduced its stake in Apple by nearly 50%. This was reported by CNN.
Instead of 790 million shares, Berkshire Hathaway left 400 million, which are valued at $84.2 billion.
This is not the first reduction in Berkshire Hathaway's investments in Apple, whose market capitalization exceeds $3.3 trillion. In the last three months of 2023, Buffett sold 10 million Apple shares, and in the first quarter of 2024, Berkshire reduced its stake in Apple by 13%.
At the same Time, Berkshire Hathaway announced record cash assets of nearly $277 billion in the second quarter.
Buffett's fund also holds significant stakes in American Express ($35.1 billion), Coca-Cola ($25.5 billion), and Chevron ($18.6 billion).
According to Kantar's BrandZ research, the American company Apple was the first in the world to reach a brand value of over $1 trillion.
European Union regulators stated that Apple violates the union's technology rules by not allowing App Store users to use alternative services.
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