Warren Buffett's Berkshire Hathaway sold nearly half its stake in Apple

Warren Buffett's Berkshire Hathaway sold nearly half of its Apple stake last quarter, surprising many given his long-term investment strategy.

The remaining holding is valued at $84.2 billion, making Apple still the largest stake for Berkshire. This sale is part of a broader trend, as Buffett also unloaded over $75 billion in equities, raising Berkshire's cash to a record $277 billion.

Buffett suggested earlier that selling some Apple shares could be beneficial for taxes. However, the extent of the selling raises questions about his motivations, which could include market valuation or portfolio management concerns.