Buffett's Berkshire Boosts Cash Reserves, Sells Apple Stake

Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple, selling two-thirds of its shares by September 2024, while still holding a substantial position valued at $69 billion. The decision to sell was influenced by tax considerations, high market valuations, and a strategy to maintain financial flexibility. Despite the large sale, Apple's stock price has risen, reflecting careful execution of the sales. Berkshire's cash reserves have grown, providing opportunities for future investments, as the company prepares for leadership transition and navigates economic uncertainties.