Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarter
Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarter
OMAHA, Nebraska — Warren Buffett's Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the "Oracle of Omaha" continued to downsize his one-time favorite bet.
In its first-quarter earnings report released Saturday, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake. Apple was still Berkshire's …