Buffett explains Berkshire's reduced stake in Apple at annual company meeting

At Berkshire Hathaway's annual meeting, CEO Warren Buffett discussed the company's decision to reduce its Apple stake by 22%, resulting in an $11.2 billion after-tax gain. Despite this, Buffett expects Apple to remain Berkshire's largest stock investment. He emphasized viewing stock investments as owning parts of businesses and expressed confidence in Apple's future under CEO Tim Cook. Additionally, Buffett addressed the tax implications of the sale and Berkshire's increased cash holdings, citing current market uncertainties and government fiscal needs.