Buffett’s Berkshire invests in Apple

Tuesday, 17 May 2016 00:01 - - {{hitsCtrl.values.hits}}

Reuters: Warren Buffett’s Berkshire Hathaway Inc on Monday revealed a new stake in Apple Inc, in a bet that the stock price could rebound after iPhone sales fell for the first time.

Berkshire held 9.81 million Apple shares worth about $1.07 billion as of 31 March, according to a filing with the U.S. Securities and Exchange Commission detailing the company’s U.S.-listed stock holdings. It is not clear whether Buffett or either of his portfolio managers, Todd Combs and Ted Weschler, who each invest about $9 billion, made the investment.