Buffett’s Apple Stock Holding Slashed By 60% This Year

Berkshire Hathaway, one of the largest investment companies in the world, has made headlines by dramatically reducing its holdings in Apple Inc., a leading tech giant.

In just a few months, Berkshire has cut its stake in Apple by about 60%, sparking interest and concern among its shareholders. The company, which has a substantial cash reserve of around A$493.22 billion, has continued to offload its shares in Apple.

During the third quarter, Berkshire reduced its Apple holdings by approximately 25%. This follows a nearly 50% cut in shares during the second quarter of the year.

As of now, Berkshire’s investment in Apple is valued at approximately A$106.02 billion, a significant drop from A$263.9 billion at the beginning of the year.

Warren Buffett, the chairman and CEO of Berkshire Hathaway, hinted at the reasons behind the sell-off during the company's annual meeting in May. He mentioned that some sales were motivated by tax considerations, yet he emphasized that Apple would continue to be the largest investment for Berkshire.

Recently, Apple announced its latest quarterly results, and its shares fell 2% due to concerns surrounding the upcoming holiday sales forecast. Additionally, the company faces a considerable tax burden of A$21.55 in Europe and has experienced weakening sales in China.

Despite these challenges, Apple is moving forward with its growth strategy. The company recently agreed to purchase Pixelmator, a high-end photo-editing app. This acquisition is expected to enhance Apple’s software offerings.

In a blog post, Pixelmator expressed excitement about the acquisition, stating, "We’ve been inspired by Apple since day one. Now, we’ll have the ability to reach an even wider audience." The Pixelmator Pro app features advanced editing tools similar to those found in Adobe’s Photoshop and Illustrator, including layers and vector graphics.

The financial terms of the acquisition were not disclosed, but in Australia, the Pixelmator Pro app is priced at A$79.99.

Moreover, Apple has rolled out its new Apple Intelligence feature for some devices globally, with a future release set for December in Australia. This development may lead to opportunities for integrating Pixelmator’s features into Apple's suite of AI functionalities.

Berkshire, Apple, Investment