Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons
Publishing timestamp: 2024-05-04 12:29:50
Summary
Berkshire Hathaway, led by Warren Buffett, reduced its stake in Apple by about 13% in the first quarter, citing tax reasons and potential future tax increases. Despite the sale, Apple remains Berkshire's largest holding and Buffett continues to praise the tech giant's prospects. Apple's stock has been performing well, but concerns remain about its ability to revive growth.
Sentiment: NEUTRAL
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