Berkshire Hathaway Got 75 Million Worth Of Apple's Shares In 1st Quarter

May 05, 2018, 18:10
Berkshire Hathaway Got 75 Million Worth Of Apple's Shares In 1st Quarter

Berkshire said in February Berkshire's Apple stake grew by about 23 percent since the end of September to roughly 165.3 million shares.

The Pampered Chef chief is one of seven female CEOs at Berkshire Hathaway, and she has pushed for other women to advance in the corporate world.

It was previously being reported that Wall Street had its reservations with tech giant Apple before it posted its quarterly earnings but it is clear and evident that Warren Buffet was hopeful about the company even then.

The company also called out the iPhone X as the most popular model in the product lineup which is a new trend; higher-priced Plus models of iPhones were never more popular than slightly cheaper and smaller flagships in previous years. Zacks Investment Research raised shares of Berkshire Hathaway from a "hold" rating to a "buy" rating and set a $227.00 price target for the company in a research note on Tuesday, January 9th.

The U.S. dollar leaped to its highest levels this year against a basket of currencies despite disappointing U.S. employment data for April, before dropping back to trade little changed.

Shares of Apple rose almost 2 percent on Monday and were on the verge of hitting a record high after billionaire Warren Buffett talked up his company's stake in the iPhone maker.

But the business tycoon has suggested that he sees Apple more as a consumer company than investing.

There may also be another reason for the investment: Berkshire's cash pile of $116 billion.

Business booms for this bookstore owner during the yearly Berkshire Hathaway shareholders meeting - The Berkshire Hathaway shareholders meeting means big business for Jim Ross, manager of the Hudson Booksellers store inside the Omaha airport, all thanks to something that happened 20 years ago. The middle tier for iCloud storage costs $2.99 a month.

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