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’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.
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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.
He’s previously admitting to not really “getting” Apple, but legendary investor Warren Buffett’s recent investment in AAPL seems to have convinced shareholders to have a bit more faith in the Little Cupertino Company That Could.
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.
Legendary investor Warren Buffett says Apple should help the FBI crack the iPhone at the center of the San Bernardino shooting case because “privacy has its limits.”
Speaking to CNBC Monday, Buffett said he’s not siding against Apple — although he kind of is.
Famed investor and philanthropist Warren Buffet stopped by CNBC’s Squawk Box this morning, and the Berkshire Hathaway head had some interesting thoughts on what Apple should do with its cash: by back all of its stock from investors, just like Warren Buffett told Steve Jobs to do years ago.
Third wealthiest man in the world, Warren Buffett, known for his tremendous investment success as well as his high-end philanthropy, told a group of investors at the Berkshire annual meeting that he had no interest in investing in Apple (or Google), seeing them as risky investments.
There have been a lot of ideas suggested for what Apple could do with its nearly $100 billion in cash. Some have been serious suggestions like companies that Apple could buy while others are a little more absurd but illustrate just how much money Apple’s got.
Today, Warren Buffett revealed to viewers of CNBC’s Squawk Box that Steve Jobs wasn’t sure what to do with all the money Apple began raking in over recent years and asked for advice. He ultimately ignored that advice in his typical fashion while telling others that Buffett agreed with his decision for Apple to just sit on its money.
