5/8/2024, 1:06:02 pm

Apple Supplier Stocks Slump After Berkshire Nearly Halves Stake

Apple's suppliers saw their shares decline after Berkshire Hathaway nearly halved its stake in the company, selling $75.5 billion in Apple stock in the second quarter. Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co. slid 10% each, while component makers like Murata Manufacturing Co. and LG Innotek Co. fell as much as 15% and 13% respectively.