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Berkshire Hathaway Sells Apple Shares in Q2
Berkshire Hathaway, led by Warren Buffett, sold additional Apple shares in Q2 2023, reducing its holdings to approximately 280 million shares but maintaining Apple as its largest equity position, valued at about $64 billion. This follows a selling streak that began in the fourth quarter of 2022.
During its fiscal Q3, Apple reported a 10% increase in revenue and a 12% rise in earnings per share, with its services segment generating a record $20.7 billion in gross profit—nearly half of its total. The services sector, which includes the App Store and cloud services, is expected to drive future growth, further emphasizing its importance to Apple’s overall profitability.
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