2024-05-24 06:40:00 ET
Warren Buffett is one of the most closely monitored investors in the world. Whenever the billionaire buys or sells a stock, it makes headlines around the global financial community.
According to Berkshire Hathaway 's most recent 13F filing, Buffet sold 116 million shares of Apple (NASDAQ: AAPL) during the first quarter. Just three years ago, Buffett proclaimed that Apple was "probably the best business I know in the world" during an interview on CNBC.
Has Buffett lost faith in the iPhone maker?
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Warren Buffett Once Referred to Apple As the Best Business in the World. So Why Did He Just Sell 116 Million Shares?