Warren Buffett Dumps 13% Of Apple Stake Before $110 Billion Buyback

Warren Buffett's Berkshire Hathaway has reduced its Apple stake by 13%, selling about 116 million shares despite Buffett's optimistic public statements about the company's future. This move comes after Apple's disappointing Q2 earnings report, which showed a 4% revenue drop, yet was followed by an announcement of a record $110 billion stock buyback. This strategy raised questions about Apple's financial health and its reliance on stock buybacks to maintain share prices amidst declining revenues and innovation challenges.