Berkshire Hathaway, a subsidiary of billionaire Warren Buffett, lost $36 billion due to its investments in Apple during 2022, coinciding with the loss of the stock.
Significant decline in the market value of Apple
According to Business Insider, Berkshire Hathaway owns 908 million shares in the iPhone maker, and the value of those investments fell from $161 billion to $125 billion.
Apple’s market value fell by about $700 billion to $2.2 trillion, while Buffett’s market value is $600 billion.
Buffett bought 3.9 million Apple shares during the second quarter of this year.
Big losses in September
Apple stock ranks first in Buffett’s portfolio and is the company’s largest investor with a 5.6% stake.
But with stock losses in September, Buffett’s investment in Apple lost about $9 billion on September 13th, totaling $18 billion in losses just last month.