Buffett’s Berkshire invests in Apple

Published 16/05/2016 in Culture, Mass Media, World

Buffett’s Berkshire invests in Apple

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Monday revealed a new stake in Apple Inc (AAPL.O), 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 March 31, 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.

(Reporting by Jonathan Stempel in New York- Editing by Lisa Von Ahn)

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