Apple Shares Fall 1.4% as Buffett's Berkshire Hathaway Slashes Apple Stake in Q1

seekingalpha05-06

Warren Buffett's Berkshire Hathaway reduced its stake in iPhone-maker Apple by more than 22% in the first quarter of 2024.Apple shares fell 1.38% in premarket trading.According to the conglomerate's ...

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Andrewinho
05-06
Andrewinho
Opportunity again!! 👏👏👏👏
1PC
05-06
1PC
[LOL] [LOL] [LOL] Bankers Selling.. ...should I Sell with Buffett or........[Speechless] ..... Tough decision[Facepalm] ....... toss a coin 🪙....... Hold [Blush]

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In comparison, Apple stock shed about 11% in the same period.Berkshire is one of Apple's biggest shareholders. Similarly, Apple constitutes the biggest holding of the conglomerate's portfolio.Berkshire's disclosing of its stake reduction in Apple comes two days after the tech behemoth reported FQ2 2024 results. The Tim Cook-led firm delivered much better numbers than feared, especially amid slumping demand for iPhones in China. Moreover, the company unveiled a massive $110B stock buyback, the largest in U.S. corporate history.According to Berkshire's filing, about 75% of its equity investments were concentrated in five companies including Apple (AAPL) as of Q1-end. The other four firms and the fair value changes in their stakes from Q4 2023 are:Credit card issuer American Express (AXP) - 21.5% increase to $34.5B from $28.4B.Number two U.S. lender Bank of America (BAC) - 12.6% increase to $39.2B from $34.8B.Snacks and soft drinks giant Coca-Cola (KO) - 3.8% increase to $24.5B from $23.6B.Oil major Chevron (CVX) - 3.2% increase to $19.4B from $18.8B.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":302954089169128,"gmtCreate":1714982910192,"gmtModify":1714982913723,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Opportunity again!! 👏👏👏👏","listText":"Opportunity again!! 👏👏👏👏","text":"Opportunity again!! 👏👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302954089169128","repostId":2432146234,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":302953134342256,"gmtCreate":1714982672410,"gmtModify":1714982677712,"author":{"id":"3574752437126777","authorId":"3574752437126777","name":"1PC","avatar":"https://community-static.tradeup.com/news/d93d931cb700e24c910644542320e877","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574752437126777","authorIdStr":"3574752437126777"},"htmlText":"[LOL]&nbsp;&nbsp;[LOL]&nbsp;&nbsp;[LOL]&nbsp;&nbsp;Bankers Selling.. ...should I Sell with Buffett or........[Speechless]&nbsp;..... Tough decision[Facepalm]&nbsp;....... toss a coin 🪙....... Hold&nbsp;[Blush]&nbsp;&nbsp;","listText":"[LOL]&nbsp;&nbsp;[LOL]&nbsp;&nbsp;[LOL]&nbsp;&nbsp;Bankers Selling.. ...should I Sell with Buffett or........[Speechless]&nbsp;..... Tough decision[Facepalm]&nbsp;....... toss a coin 🪙....... Hold&nbsp;[Blush]&nbsp;&nbsp;","text":"[LOL] [LOL] [LOL] Bankers Selling.. ...should I Sell with Buffett or........[Speechless] ..... Tough decision[Facepalm] ....... toss a coin 🪙....... Hold [Blush]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/302953134342256","repostId":2432146234,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432146234"}