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Buffet slashes Apple stake by half: Time to buy or sell?
On August 2, $Berkshire Hathaway-A (BRK.A.US)$reported second-quarter results, with revenue and net profit significantly surpassing expectat Show More
On August 2, $Berkshire Hathaway-A (BRK.A.US)$reported second-quarter results, with revenue and net profit significantly surpassing expectations. At the same time, the company announced it had sold 49.4% of $Apple (AAPL.US)$, reducing its holdings from 789 million to about 400 million shares. On August 5, Apple shares dropped 4.8%, fueling concerns of a major market correction amid economic slowdown fears.

Earlier, Buffett hinted that tax considerations influenced the first-quarter reduction of Apple's stake. Analysts believe the recent sell-off may also be preparing for shifts in Federal Reserve policy and high U.S. stock valuations.
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