Tuesday September 22, 2020

Buffett's $1 billion Apple bet suggests faith in product pipeline

Apple shares jumped after Berkshire said it has a $1.07 billion shareholding

17th May, 2016
Billionaire investor Warren Buffett. Pic: Getty

Given all the pessimism about Apple these days, one might wonder why Warren Buffett’s Berkshire Hathaway is betting $1.1 billion (€972 million) on the company. But if sentiment on Wall Street is any guide, the Oracle of Omaha and his lieutenants have made a prescient play.

Even after Apple warned that the sales decline it experienced in the fiscal second quarter would continue in the subsequent three months, there are just two analysts among...

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