By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Plane crashes into San Diego neighbourhood, setting homes and vehicles ablaze
    Plane crashes into San Diego neighbourhood, setting homes and vehicles ablaze
    May 23, 2025
    UK signs deal to hand over control of Chagos islands | Politics News
    UK signs deal to hand over control of Chagos islands | Politics News
    May 22, 2025
    The Challenges – and Opportunites – of a ‘Golden Dome’ Defense System
    The Challenges – and Opportunites – of a ‘Golden Dome’ Defense System
    May 22, 2025
    Israeli strikes kill 51 in Gaza as aid groups collect limited supplies | Gaza News
    Israeli strikes kill 51 in Gaza as aid groups collect limited supplies | Gaza News
    May 22, 2025
    North Korea reports ‘serious incident’ during naval destroyer launch — RT World News
    North Korea reports ‘serious incident’ during naval destroyer launch — RT World News
    May 22, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Bitcoin could go much higher due to lack of FOMO and futures market euphoria — Analysts
    Bitcoin could go much higher due to lack of FOMO and futures market euphoria — Analysts
    May 22, 2025
    Semiconductor exemptions don’t matter when it comes to tariffs
    Semiconductor exemptions don’t matter when it comes to tariffs
    May 22, 2025
    UK court partially dismisses Bitcoin SV investor’s lawsuit against Binance
    UK court partially dismisses Bitcoin SV investor’s lawsuit against Binance
    May 22, 2025
    Why has Cookie DAO token price been rising?
    Why has Cookie DAO token price been rising?
    May 22, 2025
    Bitcoin price surpasses $111K for first time; institutional demand strong
    May 22, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Buffett a ‘core believer’ in Apple – Wedbush By Investing.com
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Buffett a ‘core believer’ in Apple – Wedbush By Investing.com
Buffett a ‘core believer’ in Apple – Wedbush By Investing.com
Business

Buffett a ‘core believer’ in Apple – Wedbush By Investing.com

Published August 4, 2024
Share
2 Min Read
SHARE

Investing.com — Berkshire Hathaway’s (NYSE:) results on Saturday showed that it sold about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit.

Berkshire sold approximately 390 million Apple shares (NASDAQ:) in the second quarter, on top of 115 million sold from January to March, as the iPhone maker’s stock price rose 23%.

Berkshire still owned about 400 million shares worth $84.2 billion as of June 30.

In a note on Saturday Wedbush noted that Berkshire has sold Apple stock over the past year and in 1Q sold more than 10% of its stake “so it’s not a shock that the sales continued in 2Q although the magnitude is the headline grabber.”

Wedbush noted that Berkshire still has Apple as its number one position and is more than double its next largest position in Bank of America (NYSE:) at roughly $41 billion.

“While the bears will clearly run with this news and narrative coming off a brutal Friday sell-off in tech stocks, we strongly caution that Buffett is a core believer in Apple and we do not view this as a smoke signal for bad news ahead (and its still the #1 Berkshire position by a wide margin),” the note said.

“Apple just delivered a 9.7/10 June quarter in our view with strong September guidance into an AI driven iPhone 16 super cycle and that bull thesis is firmer today than before earnings.”

#Buffett #core #believer #Apple #Wedbush #Investing.com

TAGGED:AppleBelieverBuffettCoreInvesting.comWedbush
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Tropical Storm Debby moving through Gulf toward Florida Tropical Storm Debby moving through Gulf toward Florida
Next Article Hamas believes October 7 attack was a ‘miscalculation’ – journalist — RT World News Hamas believes October 7 attack was a ‘miscalculation’ – journalist — RT World News
- Advertisement -

Latest Post

Plane crashes into San Diego neighbourhood, setting homes and vehicles ablaze
Plane crashes into San Diego neighbourhood, setting homes and vehicles ablaze
World News
Bitcoin could go much higher due to lack of FOMO and futures market euphoria — Analysts
Bitcoin could go much higher due to lack of FOMO and futures market euphoria — Analysts
Cryptocurrency
UK signs deal to hand over control of Chagos islands | Politics News
UK signs deal to hand over control of Chagos islands | Politics News
World News
Semiconductor exemptions don’t matter when it comes to tariffs
Semiconductor exemptions don’t matter when it comes to tariffs
Cryptocurrency
The Challenges – and Opportunites – of a ‘Golden Dome’ Defense System
The Challenges – and Opportunites – of a ‘Golden Dome’ Defense System
World News
UK court partially dismisses Bitcoin SV investor’s lawsuit against Binance
UK court partially dismisses Bitcoin SV investor’s lawsuit against Binance
Cryptocurrency
- Advertisement -

You Might Also Like

Silver Lake raises €1 billion in loans for Software AG takeover
Business

Silver Lake raises €1 billion in loans for Software AG takeover

August 1, 2023
Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court
Business

Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court

January 29, 2024
Silver Lake raises €1 billion in loans for Software AG takeover
Business

Activist group notifies Japan’s Cosmo of intent to increase stake

July 28, 2023
What we know about the 20-year-old suspect in the assassination attempt of Donald Trump
Business

What we know about the 20-year-old suspect in the assassination attempt of Donald Trump

July 15, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?