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Berkshire's Q3 operating profit fell by 6.2% year-on-year, below expectations, continuing to shareholding Apple, with cash reserves reaching a new high.
Due to the poor performance of the insurance business income, Berkshire Hathaway's third-quarter revenue and operating profit unexpectedly slightly declined; cash reserves rose to $325.2 billion, reaching a record high; the number of shares held in Apple decreased from about 0.4 billion shares in the second quarter to about 0.314 billion shares, with a reduction rate of 25%.
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