Warren Buffett’s conglomerate has cut its stake in tech giant Apple by 25% in the third quarter, bringing the value down by 60% this year. This move comes after a significant reduction in Berkshire Hathaway’s holdings in the second quarter. Despite the decline, Buffett has remained silent on his stance on the stock since May. The reduction is attributed to Apple’s 10.6% gain in the period ended September 30.
Source: https://www.bloomberg.com/news/articles/2024-11-03/buffett-keeps-cutting-apple-stake-with-value-down-60-this-year?srnd=homepage-asia