Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, has continued to reduce its stake in Apple, with a reported decrease of approximately $1.2 billion in the cost basis of its consumer goods stock holdings in the latest quarterly filing, indicating further divestment in Q3 2025 [1][4]. Group 1: Investment Actions - Berkshire Hathaway had invested around $37.5 billion in Apple between 2016 and 2018, which became one of its most successful investments, generating over $150 billion in net gains at its peak [3]. - In 2024, Berkshire sold about two-thirds of its Apple holdings, with nearly 400 million shares sold in Q2 alone at an average price of approximately $185 per share [4]. - As of June 30, 2025, Berkshire held 280 million shares of Apple, valued at $57 billion, a significant reduction of nearly 70% from 906 million shares at the end of 2023 [4]. Group 2: Financial Performance - For Q3 2025, Berkshire reported total revenue of $94.972 billion, a year-over-year increase of 2.13%, and a net profit of $30.796 billion, up 17.31% [4][5]. - The operating profit for Q3 reached $13.485 billion, reflecting a robust year-over-year growth of 33.65%, indicating strong profitability in Berkshire's traditional business [5]. - Cash reserves hit a record high of $381.67 billion, although the company has not repurchased any stock for five consecutive quarters, suggesting a cautious approach to investment opportunities in the current market [5]. Group 3: Leadership Transition - The Q3 financial report will be the last one released before Buffett steps down as CEO, with plans to hand over the position to successor Greg Abel by the end of the year [5].