Warren Buffett Selling Apple Stock

# Warren Buffett Ditches Apple Stock, Sells 558 Million Shares ## Background Berkshire Hathaway, led by investing legend Warren Buffett, has been a significant shareholder in Apple since 2016. However, recent reports indicate a substantial reduction in its stake. ## Details of the Sale According to Reuters, Berkshire Hathaway sold 558 million shares of Apple stock during the first half of 2024. This brings the total number of shares sold since the end of 2023 to 505 million. ## Value of the Sale At the end of the second quarter, Berkshire Hathaway disclosed an Apple stake worth $84.2 billion. Based on this valuation, Buffett's sale of 558 million shares would represent a reduction in holdings of approximately 49%. ## Reasons for the Sale The reasons behind Buffett's Apple stock sale remain unclear. However, analysts suggest that it could be part of a broader portfolio diversification strategy. ## Impact on Apple's Stock Price The news of Berkshire Hathaway's sale has had a moderate impact on Apple's stock price. Shares of Apple fell slightly in the immediate aftermath but have since recovered. ## Conclusion Warren Buffett's sale of Apple stock is a significant event in the investment world. While the reasons for the sale are not entirely clear, it highlights the dynamic nature of the stock market and the investment decisions made by even the most experienced investors.