Warren Buffett's Berkshire Hathaway Made A Profit of More Than 350% on Apple Shares. Here's How from pes 2022 Watch Video
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⏲ Duration: 0:35 👁 View: 360K times ✓ Published: 30-May-2024
Description: 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.