Buffett unveiled the deal in a meeting with CNBC. He said he began offering the shares once the value transcended $180 a share.
"I don't esteem IBM a similar way that I did six years prior when I began purchasing," he said. "I think on the off chance that you glance back at what they were anticipating and how they thought the business would create, I would state what they've keep running into is some quite extreme contenders."
Buffett's Berkshire Hathaway (BRKA) claimed 81.2 million shares of IBM as of Dec. 31, approximately a 8% stake. Indeed, even with 33% less shares, IBM is one of Berkshire's biggest property, likely behind just Kraft Heinz (KHC), Wells Fargo (WFC), Coca-Cola (KO) and American Express (AXP), as indicated by year-end possessions unveiled by the organization.
It's conceivable IBM will soon be passed by Apple, on the off chance that it hasn't been as of now. Buffett has been purchasing Apple for the most recent year, and it has delighted in unfaltering increases in stock cost.
He said he sold the stock in the first and second quarters. He has not explained the subtle elements in SEC filings but rather is because of refresh his property not long from now. He could likewise remark assist at Berkshire's yearly shareholder meeting Saturday in Omaha, Nebraska.