Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Berkshire Hathaway Nearly Quadrupled its Stake in Apple Stock Last Quarter
Berkshire Hathaway disclosed a nearly $1 billion stake in Apple last May, which led the iPhone maker's stock to soar 9% once the investment became public knowledge. Apple stock has been on the rise since then, closing at an all-time high of $135.02 today just nine months after setting a 52-week low of $89.47 in May 2016.
Apple and Berkshire Hathaway are the world's most and fourth-most valuable companies respectively based on their market capitalizations.