Berkshire Hathaway lowers stake in Apple

Warren Buffett has further lowered his stake in tech giant Apple, downsizing Berkshire Hathaway's biggest equity holding for a fourth consecutive quarter.

Berkshire Hathaway held $69.9bn worth of Apple shares at the end of September, implying that Buffett had disposed of approximately a quarter of his stake and now holds roughly 300.0m shares.

In total, Berkshire Hathaway's stake was down 67.2% year-on-year.

As of 0930 GMT, Apple shares were down 0.64% in pre-market trading at $221.49 each.

Reporting by Iain Gilbert at Sharecast.com