Warren Buffett stays high on Apple despite iPhone slump

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The Oracle of Omaha is still in love with AAPL.
The Oracle of Omaha is still in love with AAPL.
Photo: CNBC

Apple’s big pause in iPhone sales leading up to this year’s new models isn’t worrying one of the company’s biggest investors.

Berkshire Hathaway CEO Warren Buffett says he loves what Apple is doing with its buyback program for investors and even though sales are slow, the stock is still a great buy.

AAPL shares soar to new all-time high

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Apple's stock is on the rise.
Apple's stock is on the rise.
Photo: Buster Hein/Cult of Mac

A ringing endorsement from mega-investor Warren Buffett has helped push Apple’s stock to a new record high today.

Apple shares were trading up 2.04% and closed at an all-time high of $139.78 per share, beating the company’s previous top mark of $137.11 set last week.

Warren Buffett more than doubles AAPL holdings this year

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Buffett sure knows an opportunity when he sees one.
Photo: Ste Smith/Cult of Mac

Warren Buffett’s investment firm Berkshire Hathaway has more that doubled its Apple share holdings this year — with its $17 billion share of Apple now representing Berkshire’s second biggest holding in a company.

In 2017 alone, the firm has purchased 120 million Apple shares.

Celebrity Apprentice hires YouTube star iJustine

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Justine Ezarik, a.k.a iJustine, will appear on The New Celebrity Apprentice.
Justine Ezarik, a.k.a iJustine, will appear on The New Celebrity Apprentice.
Photo: iJustine screenshot/YouTube

Justine Ezarik built a successful brand from her home by unboxing the latest Apple gadgets in front of a video camera and sharing her geeky tech enthusiasm with millions of YouTube followers.

Now the internet influencer known as iJustine will reach a new audience as she joins Arnold Schwarzenegger in the “Boardroom” as an adviser on The New Celebrity Apprentice.

Warren Buffett is betting bigger than ever on AAPL

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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.

Warren Buffett is betting big on Apple

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iphone stocks app
Berkshire Hathaway's investment in Apple could send the price back up.
Photo: Ste Smith/Cult of Mac

Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money. 

Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.