Billionaire investor Warren Buffett certainly appears to have revised his view of Apple bigtime. Back in 2011, he famously said that his conglomerate Berkshire Hathaway had held very few AAPL shares in the past ‘and we’re likely to hold very few in the future.’ The reason, he said, was that the company’s future was too difficult to predict.
By May of last year however, the conglomerate held more than $1B worth of AAPL stock – a disclosure that helped the stock climb 9%. By December, that holding had increased to 57M shares worth $7.7B. Now CNBC reports that the company now holds 133M shares worth a staggering $17B …
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Author: Ben Lovejoy
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