Warren Buffett's Stake in Apple Tripled in Value to Over $100 Billion
Investor Warren Buffett's stake in Apple has tripled in value to be worth over $100 billion, reports BusinessInsider.
The Berkshire Hathaway CEO spent $35 billion to acquire 250 million Apple shares between 2016 and 2018, according to his 2019 shareholder letter. Buffett has since sold some of his Apple holdings, and at last count owned 245 million shares, worth more than $104 billion.
Apple's third-quarter earnings pushed its stock price up by 10 percent to an intraday all-time high of $425 on Friday, raising its market capitalization to more than $1.8 trillion, making it the world's most valuable company. Both revenue and earnings per share were also June quarter records.
Apple's stock price dropped as low as $224 in March as concerns rose over the global health crisis, but has experienced a strong recovery since then, rising by over 80 percent in the last four months. Many other large tech companies, such as Amazon, Microsoft, and Google parent company Alphabet, have experienced similar surges. Apple stock has increased by around 42% this year, growing Buffett's stake by $30 billion in the past seven months alone.
Apple is the largest investment held in Berkshire Hathaway's portfolio, and worth more than four times as much as its second-largest holding; a $25 billion stake in Bank of America. Berkshire Hathaway's market capitalization currently sits at about $476 billion, suggesting its 5.7% stake in Apple accounts for more than a fifth of its entire value.
The value of the firm's Apple stake relative to the rest of its portfolio highlights the extent to which investors are increasingly favoring tech companies and neglecting more traditional businesses such as banks and insurers.
Popular Stories
Following nearly two years of rumors about a fourth-generation iPhone SE, The Information today reported that Apple suppliers are finally planning to begin ramping up mass production of the device in October of this year. If accurate, that timeframe would mean that the next iPhone SE would not be announced alongside the iPhone 16 series in September, as expected. Instead, the report...
Key details about the overall specifications of the iPhone 17 lineup have been shared by the leaker known as "Ice Universe," clarifying several important aspects of next year's devices. Reports in recent months have converged in agreement that Apple will discontinue the "Plus" iPhone model in 2025 while introducing an all-new iPhone 17 "Slim" model as an even more high-end option sitting...
Apple supply chain analyst Ming-Chi Kuo today shared alleged specifications for a new ultra-thin iPhone 17 model rumored to launch next year. Kuo expects the device to be equipped with a 6.6-inch display with a current-size Dynamic Island, a standard A19 chip rather than an A19 Pro chip, a single rear camera, and an Apple-designed 5G chip. He also expects the device to have a...
The upcoming iPhone 16 models that we're expecting to see in September are going to be quite similar to the iPhone 15 models, but rumors suggest that Apple is making big changes in 2025. We've been hearing hints of an all-new device in the iPhone lineup, and it may be the most expensive iPhone Apple has offered to date. Subscribe to the MacRumors YouTube channel for more videos. New 'Slim'...
Apple typically releases its new iPhone series around mid-September, which means we are about two months out from the launch of the iPhone 16. Like the iPhone 15 series, this year's lineup is expected to stick with four models – iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max – although there are plenty of design differences and new features to take into account. To bring ...
Apple released the fourth beta of iOS 18 today, introducing small changes to a number of features throughout the operating system. There are no big additions in this beta, but Apple is continuing to refine existing settings and design choices. Apple plans to continue updating iOS 18 over the next few months, with the update set to be released this fall. We've rounded up all of the changes...
The fourth-generation iPhone SE will offer a series of major upgrades over the current model, the leaker known as "Ice Universe" claims. The information was listed in a post on Weibo, which also detailed the specifications of the iPhone 17 lineup. As previously rumored, the fourth-generation iPhone SE is expected to feature Face ID and USB-C, marking a major upgrade from current and previous ...
Apple is planning to release at least one iPhone 17 model next year with mechanical aperture, according to a report published today by The Information. The mechanical system would allow users to adjust the size of the iPhone 17's aperture, which refers to the opening of the camera lens through which light enters. All existing iPhone camera lenses have fixed apertures, but some Android...
