Berkshire Hathaway Discloses Nearly $1 Billion Stake in Apple

by

A regulatory filing by multinational conglomerate Berkshire Hathaway -- which is run by Warren Buffett -- today revealed that as of March 31, the company owned 9,811,747 shares in Apple stock (via Bloomberg). Berkshire Hathaway's shares were valued at over $1 billion at the end of the first quarter of 2016, but given Apple's recent dip in stock value, it has subsequently declined to nearly $900 million.

WARREN BUFFETT
Berkshire Hathaway's stake in Apple appears to be a bet that the Cupertino company's stock will rebound, following its first ever year-over-year revenue drop in 13 years. The slump comes after Apple's April earnings call where it announced the first ever drop in iPhone sales in the 9 years that the smartphone has been on the market. Last week, shares of the company fell below $90 for the first time in nearly two years, but after Berkshire Hathaway's disclosure, Apple's stock price rose 2.2 percent to $92.50 in early trading Monday morning.

Earlier in April, Apple investor Carl Icahn decided to sell his stake in the company, explaining that he did so due to concern over China's attitude towards Apple's encroaching presence in the country. A second Apple investor, David Tepper, also dumped his shares of the company as its value continued to lessen. Tepper had 1.26 million shares that were valued at around $133 million.

Top Rated Comments

macaximx Avatar
61 months ago
I rather Buffett than Icahn.
Score: 14 Votes (Like | Disagree)
Rocketman Avatar
61 months ago
Berkshire is a long term "value" investor. This news is an addition to a position they already had. They like things like railroads, Dairy Queen, sugar water, and everyday things that people simply want and need but get very little press. This is a rare exception in terms of attention.

The two guys in the other story are traders. Berkshire is an investor. Long term.

It was Warren's lieutenants, Ted Weschler or Todd Combs that made the trade. Imagine if you can buying that many shares and not appreciably impacting the stock price upwards. Can you say limit orders from several terminals? Their average price? $93.

According to their SEC 13F filings, they added Apple, increased IBM, Phillips 66 and Visa, decreased WalMart, Procter and Gamble (99%), and MasterCard. They dumped AT&T.

They have a policy of buying back any Berkshire A shares at +20% if any investor wants to exit. Virtually none do. Last price: $212,140 per share.
Score: 8 Votes (Like | Disagree)
kas23 Avatar
61 months ago
Where are the people who decry stock manipulation when a big name makes a huge AAPL transaction? Oh, my bad, I guess it doesn't work that way.
Score: 3 Votes (Like | Disagree)
Crosscreek Avatar
61 months ago
Buy low....Sell high.
Score: 2 Votes (Like | Disagree)
Muscle Master Avatar
61 months ago

We all know Apple can go up, Infact it can go much much higher that it is now.
They just need to invest in the right products and the right price.
I have money to spend and I want to spend it on Apple products.
I just don't want to be ripped off.

Agreed.. In this economy where I have to decide do I want a top of the line $3000 MBPr? or a weeks vacation in Honolulu...

Apple needs to get off its high horse and cuts those profit margins in half
Score: 2 Votes (Like | Disagree)
maflynn Avatar
61 months ago
Well, I guess this is better news then other investors dumping Apple :)
Score: 1 Votes (Like | Disagree)

Top Stories

lg wing

LG Considering Exit From Smartphone Business, Halts LCD Production for iPhone

Wednesday January 20, 2021 5:38 am PST by
LG is considering exiting the smartphone business entirely amid declining shipments and accrued losses of $4.5 billion over the past five years (via The Korea Herald). LG CEO Kwon Bong-Seok cautioned staff earlier today that the company is re-evaluating its presence in the smartphone industry: Since the competition in the global market for mobile devices is getting fiercer, it is about...
2019 mac pro side and front

Tim Cook Gifted Donald Trump 'First' 2019 Mac Pro

Wednesday January 20, 2021 5:45 pm PST by
Apple CEO Tim Cook gifted former United States President Donald Trump with the first 2019 Mac Pro that came off of the assembly line in Austin, Texas, according to a financial disclosure report that was released today (via The Verge). "Mac Pro Computer, the first created at the Flex Factory in Austin, Texas," reads the entry, which values the machine at $5,999, the base price for a Mac Pro....
Apple VR Feature

Bloomberg: Apple's First AR/VR Headset 'Pricey, Niche Precursor' to More Ambitious AR Glasses and Could Launch Next Year

Thursday January 21, 2021 3:27 am PST by
Apple's first virtual reality headset will be a "pricey, niche precursor" to a more ambitious augmented reality product, according to a new report from Bloomberg's Mark Gurman. As a mostly virtual reality device, it will display an all-encompassing 3-D digital environment for gaming, watching video and communicating. AR functionality, the ability to overlay images and information over a view...
Flat MacBook Air Feature

Bloomberg: Apple Working on 'Thinner and Lighter' High-End MacBook Air With MagSafe, Could Launch in Second Half of 2021

Friday January 22, 2021 3:34 am PST by
Apple is working on a "thinner and lighter" version of the MacBook Air that the company plans to release during the second half of this year at the earliest or in 2022, according to a new report by well-connected Bloomberg journalist Mark Gurman. It will include Apple's MagSafe charging technology and a next-generation version of the company's in-house Mac processors. Apple has discussed...
iOS 15 icon mock banner

iOS 15 Rumored to Drop Support for iPhone 6s and 2016 iPhone SE

Thursday January 21, 2021 11:58 am PST by
Apple's upcoming iOS 15 operating system, which we expect to see unveiled in June, is rumored to be dropping support for a few of Apple's older iPhones. According to French site iPhoneSoft, iOS 15 will not be able to be installed on the iPhone 6s, the iPhone 6s Plus, or the 2016 iPhone SE, all of which have an A9 chip. The iPhone 6s and 6s Plus were introduced in 2015 and are now more...
iphone 12 vs iphone 12 mini

Apple Shifting Some Production From iPhone 12 mini to iPhone 12 Pro to Meet Demand

Wednesday January 20, 2021 8:12 am PST by
Apple has reportedly cut production of the iPhone 12 mini by two million units to create more manufacturing capacity for the iPhone 12 Pro, according to a new Morgan Stanley investment note seen by PED30. Apple is believed to have made the switch for the first quarter of 2021 in an effort to combat continuing lead times for the more popular iPhone 12 Pro. iPhone 12 Pro lead times remain ...
iPhone 13 Notch Feature

iPhone 13 Rumored to Feature Smaller Notch, Pro Model Cameras to Use Larger Image Sensor

Thursday January 21, 2021 1:38 am PST by
Apple's iPhone 13 series will feature a redesigned Face ID system that will allow for a smaller notch at the top of the screen, according to a new report today. The rumor comes via hit-and-miss Taiwanese industry publication DigiTimes, whose supply chain sources also claim that the ultra wide-angle lens in Apple's next-generation iPhones is due for an upgrade. The next-generation iPhones'...
maxresdefault

Video Demos macOS Catalina Running on iPad Pro via x86 Emulation

Thursday January 21, 2021 11:36 am PST by
A video demonstrating macOS Catalina running on a current 2020 iPad Pro has been shared on YouTube, giving us a look at an interesting hack that has a Mac OS up and working on one of Apple's iPads. There's limited information about how the process of getting macOS Catalina on an iPad Pro works, but it uses x86 emulation and was done through the UTM software that allows virtual machines to...
iOS 14

Apple Seeds iOS 14.4 and iPadOS 14.4 Release Candidate to Developers and Public Beta Testers

Thursday January 21, 2021 10:14 am PST by
Apple today seeded the RC version of upcoming iOS 14.4 and iPadOS 14.4 updates to developers for testing purposes, with the new betas coming a week after Apple released the second betas. iOS 14.4 and iPadOS 14.4 can be downloaded through the Apple Developer Center or over the air after the proper profile has been installed on an iPhone or iPad. Paired with the HomePod 14.4 beta that is...
iPhone OIS Feature2

Sensor-Shift Camera Stabilization Rumored to Expand to Entire iPhone 13 Lineup

Wednesday January 20, 2021 7:46 am PST by
The entire iPhone 13 lineup will feature sensor-shift optical image stabilization, compared to only the iPhone 12 Pro Max among current models, according to a brief story preview shared today by Taiwanese publication DigiTimes. "Apple's next-generation iPhones slated for launch in the second half of 2021 will all come with sensor-shift stabilization technology, according to industry...