Berkshire Hathaway Trims AAPL Stake by 13% Yet Apple Retains Top Spot in Portfolio

• Warren Buffett’s Berkshire Hathaway has reduced its stake in tech giant Apple Inc for the second consecutive quarter, according to its first-quarter earnings report.
• The value of Berkshire’s stake in Apple fell 22 per cent to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, despite the iPhone maker’s share price falling just 11 per cent in the quarter.
• Buffett, who is usually wary of tech investments, views Apple as a consumer goods company with strong pricing power and loyal customers.

Warren Buffett’s Berkshire Hathaway trims its stake in Apple for the second straight quarter, marking a significant shift in the investment strategy of the conglomerate.

Berkshire Hathaway Reduces Apple Stake

Berkshire Hathaway’s first-quarter earnings report revealed a 13 per cent reduction in its stake in Apple, bringing the value down to $135.4 billion. This move comes despite Apple’s share price only falling 11 per cent in the same quarter. The tech giant remains Berkshire’s largest holding by a significant margin.

Buffett’s View on Apple

Warren Buffett, known for his cautious approach to tech investments, sees Apple more as a consumer goods company with strong pricing power and a dedicated customer base. Despite the reduction in stake, Apple CEO Tim Cook has expressed that it remains a privilege to have Berkshire as a major shareholder.

Investor Concerns and Future Plans

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