Warren Buffett is betting bigger than ever on AAPL

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money
Buffett has made some serious money betting on Apple.
Photo: Ste Smith/Cult of Mac

Legendary investor Warren Buffet tends to stay away from technology stocks, but he can’t be too upset about his company’s decision to invest in AAPL stock.

At least, that would be the assumption based on the fact that his Berkshire Hathaway investment company announced this week that it’s increasing its stake in AAPL by a massive 55 percent.

AAPL shoots up after strong Q3 earnings

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money
And just when people were counting Apple out!
Photo: Ste Smith/Cult of Mac

AAPL shares opened almost 8 percent up this morning following Apple’s better-than expected Q3 earnings and sunny outlook for this quarter were announced yesterday.

Shares rose $7.33 after analysts were sufficiently convinced that Apple has “stabilized” falling iPhone sales, along with other positives like a booming App Store. Seriously, do the naysayers and doom-predicters never learn?

Apple stock might be ready to explode

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Apple shares are taking a dive.
It might be a great time to buy into AAPL.
Photo: Ste Smith/Cult of Mac

The price of Apple shares have been in a slump all of 2016, but 2017 is shaping up to be an explosive year for AAPL.

Thanks to pent up demand from iPhone users for a big upgrade that probably won’t come this year, Apple is poised to have its biggest year ever when it launches the iPhone 7s, according to Cowen & Co’s financial analyst Timothy Arcuri who claims it pays to get in right now and wait out the iPhone 7 slump.