Tuesday, October 20

Warren Buffett

iPhone News, Warren Buffett

Warren Buffett’s Berkshire Hathaway owns Apple stock, cash worth 52% of its market capitalization

Billionaire investor Warren Buffett's Berkshire Hathaway owned $ 113 billion in Apple stock and $ 147 billion in cash at last count, representing more than 52% of the company's $ 499 billion market capitalization. Business Insider is reporting. Buffett's conglomerate owned about 245 million Apple shares as of June 30, giving it a roughly 5.7% stake in the iPhone maker. With the Cupertino tech giant's share price rising 57% to an all-time high this year, the value of Berkshire's position has risen by more than $ 40 billion to roughly $ 113 billion. Berkshire Hathaway also had a record $ 147 billion in cash and US Treasuries at the end of June, marking a $ 19 billion increase from late December.Meanwhile, Berkshire's stock price is down about 9% this year, weighing on its ...
Apple, iPhone News, Warren Buffett

Warren Buffett’s stake in Apple has tripled in value to more than $ 100 billion

Apple's latest stock valuation means investor Warren Buffett's stake is now worth three times more than it originally paid in 2016. A new report from Business Insider He explains that investor conglomerate Berkshire Hathaway has seen its $ 35 billion stake in Apple triple in value to around $ 104 billion, after the stock hit a new all-time high on Friday. Stronger-than-expected $ 59.7 billion Apple earnings report caught investors by surprise, fueling a sharp rise in stock prices and briefly positioning the Cupertino company above Saudi Aramco as the most valuable in the world. Buffett reportedly started investing in Apple in 2016 with a purchase of 9.81 million shares, worth around $ 1 billion. Just a few years later, in 2019, Buffett supplemented that initial investment ...