Apple’s plunge has cost Warren Buffett nearly $4 billion today

Editor | January 4, 2019 | World | No Comments

New York (CNN Business)Warren Buffett’s devotion to Apple is taking a toll on his portfolio. The Oracle of Omaha lost almost $4 billion after Apple’s sales warning.

Buffett’s Berkshire Hathaway (BRKB) owns about 252.5 million shares of Apple, making Berkshire the company’s second-largest investor. The position makes up 25.7% of Berkshire’s total portfolio and is by far Buffett’s largest holding.

Apple tumbled 10% Thursday, and the value of Berkshire’s Apple (AAPL) stake fell to about $36 billion, down from nearly $40 billion on Wednesday.