Post by mangomoney on May 17, 2016 10:08:32 GMT 7
Warren Buffett reveals $1bn Apple stake
The billionaire investor Warren Buffett has revealed that his investment firm has bought a $1bn stake in the technology firm Apple.
Berkshire Hathaway disclosed a holding of 9.81 million shares in the iPhone maker in a regulatory filing.
Mr Buffett, who has traditionally shied away from tech stocks, is known for buying "value stocks", so it is being seen as significant for Apple.
more...
www.bbc.com/news/business-36307445
also
Is Warren Buffett calling a bottom in Apple's stock price?
Berkshire Hathaway (BRKA), the conglomerate run by Buffett, disclosed in a regulatory filing Monday that it purchased more than 9.8 million shares in Apple (AAPL, Tech30) during the first quarter. It marks Berkshire's first investment in Apple.
Berkshire acquired its position at an average price of about $109 a share.
But the value of that investment, originally worth around $1.1 billion, has already dropped significantly. Investors have been worried about slowing demand for iPhones after Apple reported disappointing earnings last month.
Apple's stock price has since fallen to just above $90, meaning that Berkshire's stake in Apple is now worth about $888 million.
more...
money.cnn.com/2016/05/16/investing/warren-buffett-berkshire-hathaway-apple/
The billionaire investor Warren Buffett has revealed that his investment firm has bought a $1bn stake in the technology firm Apple.
Berkshire Hathaway disclosed a holding of 9.81 million shares in the iPhone maker in a regulatory filing.
Mr Buffett, who has traditionally shied away from tech stocks, is known for buying "value stocks", so it is being seen as significant for Apple.
more...
www.bbc.com/news/business-36307445
also
Is Warren Buffett calling a bottom in Apple's stock price?
Berkshire Hathaway (BRKA), the conglomerate run by Buffett, disclosed in a regulatory filing Monday that it purchased more than 9.8 million shares in Apple (AAPL, Tech30) during the first quarter. It marks Berkshire's first investment in Apple.
Berkshire acquired its position at an average price of about $109 a share.
But the value of that investment, originally worth around $1.1 billion, has already dropped significantly. Investors have been worried about slowing demand for iPhones after Apple reported disappointing earnings last month.
Apple's stock price has since fallen to just above $90, meaning that Berkshire's stake in Apple is now worth about $888 million.
more...
money.cnn.com/2016/05/16/investing/warren-buffett-berkshire-hathaway-apple/
