Warren Buffett buys $1bn of Apple stocks in first for Berkshire Hathaway
by Rupert Neate in New York from Technology | The Guardian on (#1DY4W)
Conglomerate buys 9.8m shares of Apple in surprise move that equates to a bet that shares will rebound after sales dropped for first time in more than a decade
Warren Buffett's Berkshire Hathaway has bought $1bn worth of Apple shares in a bet that the iPhone-maker will bounce back from a recent slump.
The multi-billionaire's conglomerate announced on Monday that it had bought 9.8m shares in Apple, a surprise move as Buffett has mostly avoided investments in the tech industry.
Continue reading...