Berkshire's cash sets record as Buffett sells Apple, BofA; operating profit falls
- Posted on November 2, 2024
- By Business News Today
- 4 Views
Berkshire's cash sets record as Buffett sells Apple, BofA; operating profit falls
Warren Buffett's Berkshire Hathaway continued to reduce its stock holdings in Q3, selling 100 million Apple shares and boosting its cash reserves to a record $325.2 billion. Meanwhile, operating profit fell 6% to $10.09 billion, while net income reached $26.25 billion due to improved stock valuations.
