In a strong bet, Berkshire Hathaway, Warren Buffett’s investment firmsold shares of Apple and accumulate more than US$ 325,000 million of liquidity.
The company published its results in the third quarter. In that period he obtained a profit of US$ 26,251 millioncompared to the losses of US$ 12,767 million that it had in the same period last year. This is due, above all, to the evolution of its investees on the stock market.
At the end of 2023, Berkshire Hathaway It had Apple shares worth $174.3 billion. So far this year, it has reduced its stake in the technology company to practically a third of what it had.
Now, near the 70% of the value of Buffett’s company’s stock portfolio is explained by five companies: Coca-Cola (US$230.6 billion), Apple (US$69.9 billion), American Express (US$41.1 billion), Bank of America (US$31.7 billion) and Chevron (US$18.8 billion).
According to the results presented by Berkshire Hathawaythe liquidity obtained is concentrated in short-term U.S. Treasury securities held by its insurance division.
Apple reduced its profits by 35%, but exceeded estimates due to iPhone sales: how its shares react
Apple presented its business results corresponding to the fourth fiscal quarter of 2024, ended on September 28, in which it obtained a net profit of 14,736 million dollars, 35.81% less than in the same previous period, when it recorded 22,956 million. After the publication of the earnings report, the technology company fell 1.7% in the after market.
This translates into a earnings per share (EPS) of 0.97 dollars, below the 1.47 dollars per share last year and the consensus forecasts, which pointed to 1.60 dollars.
With regards to the incomethe company has exceeded expectations by reaching 94.93 billion dollars, which represents a year-on-year increase of 6.07%, compared to the estimated 94.58 billion.
Source: Ambito
