Warren Buffett's Berkshire Hathaway cuts stake in Apple by nearly 50%

Warren Buffett’s investment company Berkshire Hathaway has reduced its stake in Apple by almost 50%, according to its Q2 earnings report. The report reveals that Berkshire Hathaway now holds 400 million shares in Apple, down from 790 million shares. This move is significant as Buffett is known for long-term investments. It was also reported that Berkshire Hathaway’s cash pile reached a record high of nearly $277 billion in the same quarter. Berkshire Hathaway also sold off $75.5 billion in stock and reduced its stake in Bank of America to $41.1 billion.