Warren Buffett's Apple sell-off cost him $18 billion
What you need to know
- Warren Buffett sold 12% of Berkshire Hathaway's Apple stock last year. .
- He has previously admitted the sell-off was a mistake.
- A new report has revealed the stock is now worth $18 billion.
Warren Buffet's decision to sell 12% of Berkshire Hathaway's Apple holdings last year has cost him $18 billion, a new report says.
As we reported earlier today, Apple's stock closed Wednesday at an all-time high of $144 Wednesday. As Business Insider notes, this means that Buffet and BH's Apple holding is now worth $128 billion. It could have been more had Buffett not sold 12% of his Apple shares last year:
Buffett has previously admitted that selling his Apple stock was 'probably a mistake' at a BH shareholders meeting last year:
Buffett's remaining holdings sit at $128 billion, shares that will pay out $791 million in dividends this year.
Apple will announce its Q3 earnings at a call on July 27, where it is expected to present strong year on year growth.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9