Warren Buffett on Apple: As Bullish As It Gets
Warren Buffettâs letter to shareholders is crystal clear: he is still very bullish on Apple. Here is how Berkshire Hathaway has increased its ownership of the Cupertino company, despite having trimmed the position recently.
Author:
Mar 2, 2021
When news broke that Warren Buffett’s Berkshire Hathaway had sold about $7.4 billion worth of Apple shares in the fourth quarter of 2020, the knee-jerk reaction was bearish.
The stock dipped 1.7% on the day of the announcement, followed by a 0.9% decline the next day. Headlines like “Berkshire Cuts Apple Stake” and “Why Did Warren Buffett Sell Apple Shares?” may have hinted at the Oracle of Omaha’s lack of confidence in the Cupertino company.