Daily Trends Now
Daily Trends Now


Warren Buffett has Aggressively Ramped up its Bet on Apple

Warren Buffett has Aggressively Ramped up its Bet on Apple

That adds to 165 million shares that Berkshire had at the end of previous year.

Yahoo Finance is once again exclusively hosting the online stream of the Berkshire Hathaway 2018 Annual Shareholders Meeting on Saturday, May 5th.

USA stocks closed sharply higher Friday as Wall Street shrugged off lackluster numbers in the government's monthly jobs report while shares of Apple hit an all-time high to lead the technology sector higher.

Buffett is relatively new to technology investing, having avoided the sector for most of his long career.

This CNBC original documentary takes viewers inside the story of Warren Buffett's extraordinary success.

"For the second quarter running, the iPhone X remains the world's most popular smartphone model overall, due to a blend of good design, sophisticated camera, extensive apps, and widespread retail presence for the device", said Strategy Analytics senior analyst, Juha Winter. Quick meets a young man who attributes his recovery from an opioid addiction in part to Buffett's principles of ethics and integrity, and profiles NFL superstar Ndamukong Suh, who has been mentored by Buffett as he pursues business interests he hopes will carry him BEYOND his pro football career.




In intraday trading on the stock market today, Apple hit an all-time high of 184.25, giving it a market capitalization of about $935 billion.

The most recent purchase will increase Berkshire's holding by 45%.

Although, the initial foray of Buffett into tech stock investment didn't turn out well; Berkshire's big position in IBM never panned out.

Buffett has praised Apple Chief Executive Tim Cook and suggested he views Apple more as a consumer company, despite its Silicon Valley pedigree.

Apple earlier this week reported a strong set of numbers, beating revenue and profit expectations for the March quarter of financial year 2017-18.

According to a report from CNBC published Thursday night, the new shares add to the more than 165 million shares Berkshire held at the end of 2017.

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