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Buffett's Apple Stake Drops By $19-Billion
Video Credit: Wochit
Published on September 4, 2020 - Duration: 00:33s
Buffett's Apple Stake Drops By $19-Billion
Warren Buffett's Berkshire Hathaway saw the value of its Apple stock tumble as much as $19 billion in two days.
On Thursday, Apple's stock price dropped 8%.
On Friday, Apple dropped as much as 7%.
That cut the value of Berkshire's roughly 981 million shares in the tech titan to below $110 billion.
Berkshire has still more than tripled the value of its Apple investment, as it spent about $35 billion to build the 5.7% stake.
Berkshire Hathaway's Apple stake is still worth more than the market capitalization of Citigroup or Starbucks.
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