Key Points
-
Berkshire Hathaway’s stake in Apple has decreased significantly, from 914 million shares valued at $177.39 billion in mid-2023 to 227 million shares worth $66.35 billion currently.
-
Had Berkshire retained its full stake, it would be worth roughly $267.34 billion today, representing a potential gain of nearly $90 billion.
-
Apple’s stock price has risen 50% since the divestiture began.
Warren Buffett, the retired CEO of Berkshire Hathaway, has historically been a strong supporter of Apple, describing it as an “extraordinary consumer franchise.” At one point, Apple comprised nearly 50% of Berkshire’s portfolio, but the current stake accounts for only about 20%. Recently, despite introducing a new version of its digital assistant Siri at the WWDC event, Apple shares fell more than 5%, reflecting investor disappointment.
Berkshire’s decision to divest allowed for diversification into other stocks, including a $20 billion stake in Alphabet and investments in Macy’s and Delta Air Lines. Buffett stated he was glad to reduce Berkshire’s overexposure to Apple, emphasizing the importance of a balanced portfolio.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
