The report mentions that Berkshire Hathaway has increased its share of Apple holdings by 23.3% to a total of about 165.5 million shares, worth 28 billion U.S. dollars. The investment company sold 94.5% of its shares of IBM with a reduction of 2.05 million shares.
Last year, Buffett said he was more confident about Apple's future than IBM. This is one of the main reasons Berkshire Hathaway company holdings of Apple stock. Buffett said that although IBM is also a very strong company, but the company's competitors are also strong.