The 89-year-old billionaire Warren Buffet says that he has switched to the latest iPhone after years of using a $20 flip phone, despite years of investing in Apple and describing it as the best business in the world.
Berkshire Hathaway, Warren Buffett's investment fund, has reduced its holdings in Apple over the last quarter, offloading in excess of $800 million worth of Apple stock over a three-month period, but it still maintains its position as the iPhone maker's biggest shareholder.
Apple CEO Tim Cook shared details about Apple's start of stock buybacks, and has confirmed that Warren Buffett put Apple on the track to do so — and the "Oracle of Omaha" tried to put the company on the path years before.
Berkshire Hathaway's investment in Apple is proof that the company isn't really a normal tech company, Apple CEO Tim Cook has suggested, with the fund's holdings in the iPhone maker serving as a sign the iPhone maker is closer to a consumer products company in its current state.
Berkshire Hathaway will continue to hold its considerable stake in Apple, notable investor Warren Buffett has advised, with the iPhone maker's latest quarterly results showing why the investment fund has put multiple billions into the company.
Famed investor Warren Buffett is uncertain about Apple's attempts to enter the highly-competitive streaming video market, but advises he believes its failure could end up being good for the company, especially one that strives for perfection in all areas of its business.
Legendary investor Warren Buffett reduced his position in Apple to 249.6 million shares as of Dec. 31, with the reporting period ending just days before the tech giant announced it would miss first quarter revenue guidance due to sluggish iPhone sales.
Despite worries that iPhone sales have plateaued, legendary investor Warren Buffett's Berkshire Hathaway increased its position in Apple by 522,802 shares during the third quarter of 2018, regulatory filings show.
This week on the AppleInsider Podcast, Victor and William talk through the latest news about Project Titan rumors, ARM Macbook rumors, and the strange case of the teenager who took 90GB of data from Apple.
Financial mogul Warren Buffett's Berkshire Hathaway loaded up on shares of Apple in the second quarter of 2018, increasing the fund's position to nearly 252 million shares at the end of the three-month period.
Following Apple's third quarter earnings announcement, the company's stock broke the $200 per share milestone at 10:37am eastern on Tuesday morning, for the first time since Apple's stock split four years ago.
Ignoring a chorus of analyst doom and gloom, financial mogul Warren Buffett's Berkshire Hathaway bought 75 million shares of Apple stock in the first quarter of 2018, raising the fund's position to just over 240 million shares.