Buffett Shifts Focus from Apple to High-Flying Consumer Brand

Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple, selling 67% of its shares over the past year, despite Apple's stock gains driven by AI aspirations. This move is part of a broader trend where Berkshire has been a net seller of equities for eight consecutive quarters, totaling $166.2 billion. Despite the sale, Apple remains Berkshire's largest holding by market value. Buffett's decision was influenced by expectations of higher corporate tax rates, which have not materialized under the current political climate.