Warren Buffett's Berkshire Hathaway sold over 116 million shares of Apple stock in the first quarter, worth over $21 billion. Berkshire is taking advantage of historically low 21% corporate tax rates to realize significant gains on its Apple investment. Berkshire's average purchase price of Apple shares was just under $40, and it sold at more than $180 per share, representing a profit of more than 350%. Apple's revenue growth peaked and began declining in mid-2022.
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00:00 It's Benzinga and here's what's on the block.
00:02 Warren Buffett's Berkshire Hathaway sold over 116 million shares of Apple stock in the first
00:07 quarter, worth over $21 billion. Berkshire has taken advantage of historically low 21%
00:14 corporate tax rates to realize significant gains on its Apple investment. Berkshire's
00:18 average purchase price of Apple shares was just under $40, and it sold it at more than $180 per
00:24 share, representing a profit of more than 350%. Apple's revenue growth peaked and began declining
00:31 in mid-2022. For all things money visit Benzinga.com