According to the financial statements of Warren Buffett’s Berkshire Hathaway, the company incurred losses of $12.8 billion. The significant drop in Apple shares, a major component of Buffett's investment portfolio, is cited as the primary reason behind this fall. In the third quarter of 2023, the Oracle of Omaha's holding lost $12.8 billion. During the same period in 2022, Berkshire Hathaway sagged by $2.8 billion. The losses are snowballing almost exponentially, yet Buffett's company remains firmly on its feet. However, such setbacks are understandably disheartening for the billionaire. Analysts estimate that the bulk of these losses remain unrealized since the holding has retained most of its shares, including a significant portion of Apple stock. In the past quarter, the value of Berkshire Hathaway’s investment in Apple shares fell by $20.8 billion. However, there is a silver lining. The conglomerate's cash reserves reached a record high of $157.2 billion in the third quarter of 2023. It was previously reported that in the second quarter of this year, Berkshire Hathaway’s operating profit rose by 6.65%, reaching an impressive $10.04 billion.