Warren Buffett is betting big on Apple
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.