Warren Buffett is betting big on Apple

Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money.

Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.

The firm’s investment in Apple has gotten off to a rocky start. Documents filed with the SEC reveal the firm purchased its 9.81 million shares before March 31st. The stock has suffered its longest streak of losses since in over a decade after the company announced its disappointing Q2 2016 earnings.