| Cult of Mac

Warren Buffett isn’t rushing to stock up on Apple shares

By

Buffett
Warren Buffett has been a massive Apple cheerleader.
Photo: CNBC

Warren Buffett has been one of Apple’s biggest investor cheerleaders. However, the 88-year-old super investor says that he’s not going to be adding to his holdings unless prices go down.

“If it were cheaper, we’d be buying it. We aren’t buying it here,” Buffett told CNBC‘s “Squawk Box.”Apple: I don’t see myself selling – the lower it goes, the better, I like it, obviously.”

Apple shares stumble as Warren Buffett’s firm trims holdings

By

Buffett
Warren Buffett has been a massive Apple cheerleader.
Photo: CNBC

In good times, the “Warren Buffett effect” has caused Apple shares to soar — by showing everyone that the world’s most famous investor believes in Apple. However, the opposite is also true: An apparent second thought on the part of Buffett’s firm Berkshire Hathaway can cause shares to fall.

That’s what happened this week, when Berkshire Hathaway was revealed to have slightly reduced its Apple holdings. Responding to the news, Apple shares fell 0.5 percent in pre-market trading.

iPad lover Warren Buffett plows more money into Apple

By

Buffett
Warren Buffett is one of Apple's biggest cheerleaders these days.
Photo: CNBC

It wasn’t that long ago that Warren Buffett, probably the world’s most famous investor, said that he just didn’t get get Apple and wasn’t investing in it as a result.

To quote the late Biggie Smalls, “things done changed.” In a new interview with CNBC, coinciding with Buffett’s 88th birthday, the now-Apple-loving financial titan shared his thoughts on a number of topics — and you can bet that the iPhone was among them!

Warren Buffett’s firm just can’t stop investing in Apple

By

money
Berkshire Hathaway has made crazy amounts of money from Apple.
Photo: Ste Smith/Cult of Mac

If a company made you $2.6 billion in a single day, you’d probably want to continue investing in it. That’s what Warren Buffett’s Berkshire Hathaway firm has done with Apple, according to its latest regulatory filing.

In the second quarter of 2018, Berkshire Hathaway boosted its stock in Apple by 5 percent, upping its holding from 239.6 million shares to 252 million. According to current valuation that means the firm’s Apple investment is worth around $47 billion.

Apple stock earns Warren Buffett $2.6 billion in a single day

By

Buffett
Breaking news: Warren Buffett knows how to invest wisely.
Photo: CNBC

For a person who famously said he doesn’t like to invest in tech stocks, Warren Buffett has done pretty well with Apple.

Following the company’s amazing quarterly earnings this week, Buffett’s shares in Apple have proven to be an insanely smart bet. How smart? Thanks to the 6 percent spike in Apple stock yesterday, Buffett’s Berkshire Hathaway firm likely made upward of $2.6 billion in a single day.

Warren Buffett didn’t believe the iPhone X doom predictions

By

Buffett
Warren Buffett continues to sing Apple's praises.
Photo: CNBC

Analysts everywhere are trying to restore their Apple credibility after predicting doom for the iPhone X, only to be confronted with Apple’s best ever March quarter!

One person who apparently didn’t buy into the negative chatter about Apple? Renowned investor Warren Buffett. In the first quarter of 2018, Buffett’s Berkshire Hathaway firm shelled out for a massive 75 million AAPL shares. That joins the 165.3 million shares it owned at the end of last year.

Apple is now Warren Buffett’s second biggest investment

By

Buffett
Warren Buffet is Apple's biggest investor.
Photo: CNBC

Warren Buffett doesn’t use an iPhone, yet it is one of the big reasons he invests so much money in Apple stock.

Buffett told CNBC on Monday that his Berkshire Hathaway Inc. bought more in Apple than any other stock over the last year, making it the second-biggest holding for the company.

Warren Buffett is betting even bigger on Apple

By

What’s it like to have your startup bought by Apple? Stressful
One of the world's most legendary investors is doubling down on his Apple love.
Photo illustration: Ste Smith/Cult of Mac

Warren Buffett’s Berkshire Hathaway firm has massively increased its AAPL holdings, while ditching virtually all its IBM stock, showing how confident the super investor is of Apple’s immediate future.

Buffett’s firm increased its Apple holdings by 23.3 percent to 165.3 million shares, according to SEC filings. The firm took a dimmer view of IBM, however, and made the decision to drop a massive 94.5 percent of its holdings, leaving it with just 2.05 million shares.

Warren Buffett stays high on Apple despite iPhone slump

By

Buffett
Warren Buffet is Apple's biggest investor.
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.