Buffett began buying shares in the consumer electronics giant in 2016 and continued buying, turning Apple into Berkshire Hathaway's biggest individual stock holding in 2017. Apple represented roughly 50% of Berkshire Hathaway's investment portfolio at its peak in 2023.

In the previous quarter, CEO Tim Cook cautioned that Apple could face up to $900 million in additional expenses during the June quarter due to tariffs. Although there have been indications of diminishing tensions between the U.

Warren Buffett’s Berkshire Hathaway resumed selling shares of Apple in the second quarter, offloading a stake worth more than $4bn as the billionaire investor continued to cut one of his most profitable trades.