WARREN BUFFETT BETRAYS APPLE: SELLING OUT FOR TAX BREAKS WHILE THE COMPANY STRUGGLES
Warren Buffett’s Berkshire Hathaway has been quietly cutting its Apple stake, selling off nearly half of its shares to rake in a massive profit. The move comes as Apple’s iPhone sales continue to plummet, with the company’s global sales declining for the second consecutive quarter.
But don’t be fooled – Buffett’s decision to sell has nothing to do with his faith in Apple’s future. No, this is all about lining his own pockets with tax breaks. As he himself admitted earlier this year, he’s been happy to sell off a little Apple for tax reasons. It’s a classic case of greed over loyalty.
And what’s the reward for Buffett’s betrayal? A whopping $84.2 billion profit, courtesy of Apple’s struggling stock price. Meanwhile, Apple’s CEO Tim Cook is busy diverting resources to launch a new AI feature, Apple Intelligence, in the fall. But will it be enough to turn the company’s fortunes around?
The truth is, Buffett’s decision to sell Apple stock is a clear sign of his lack of confidence in the company’s ability to recover from its current slump. And who can blame him? With Huawei and other Chinese companies giving Apple a run for its money, it’s clear that the company’s best days are behind it.
So, Warren Buffett, you may have made a quick buck off Apple’s struggles, but you’ve also betrayed the trust of your investors and the company’s loyal fans. Your legacy is forever tarnished by this move.
Author: Kayitsi.com
