Berkshire Hathaway


'Berkshire Hathaway' Articles

'Warren Buffett's Paper Wizard' is Apple's First iPhone Game Since 2008

Apple CEO Tim Cook made a surprise appearance at Berkshire Hathaway's annual meeting in Omaha, Nebraska over the weekend, where he said he is "thrilled" that billionaire Warren Buffett is an investor in the iPhone maker. At the start of the shareholder meeting, Cook made a cameo appearance in a humorous short film in which Buffett visits a top-secret lab at Apple to try to come up with ideas for an app and other inventions, including a time machine where Buffett tells his childhood self to buy Apple stock, according to CNN. Cook ultimately suggests a newspaper-tossing iPhone game. Buffett was a childhood newspaper carrier who for years held newspaper-tossing contests during the annual meeting, according to the Omaha World-Herald. As it turns out, the game is actually real. Warren Buffett's Paper Wizard, a free download on the App Store, tasks players with flinging newspapers to collect Warren Bucks. The game gradually increases in difficulty as players make their way from Omaha to Apple's hometown of Cupertino, California, including a visit to Apple Park.Think you can toss a newspaper like the legendary Warren Buffett? Test your paper-flinging skills as you make your way from the streets of Omaha, Nebraska, all the way to Cupertino, California. Avoid vehicles and birds as you deliver papers to buildings near and far. Will anyone collect enough Warren Bucks to dethrone the Paper Wizard? Probably not.While the game's developer is listed as Wildlife Designs, Inc on the App Store, the app is copyrighted, maintained, and operated by Apple

Berkshire Hathaway Bought 75 Million Additional Apple Shares in Q1 2018

Berkshire Hathaway bought 75 million additional Apple shares in the first three months of 2018, CEO Warren Buffett told CNBC on Thursday, signaling the billionaire investor's continuing confidence in Apple. In February last year, Buffett revealed that his holding company held around 133 million shares in Apple prior to the company's record-breaking earnings results on January 31, 2017, worth over $17 billion at the time. Today it holds 240.3 million shares worth $42.5 billion. "If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States," Buffett told CNBC.Historically, Buffett has shied away from investing in technology companies, but the business magnate has suggested he sees Apple more as a consumer company. Reuters reports that Berkshire's latest Apple investment serves as a way of reducing the corporate group's $116 billion in cash and equivalents, without having to acquire a whole company. Apple posted revenue of $61.1 billion and net quarterly profit of $13.8 billion in the first quarter of the year, up from revenue of $52.9 billion and net quarterly profit of $11.0 billion in the year-ago quarter. Apple said it will start a new share buyback authorization of $100 billion following the record revenue and profit

Berkshire Hathaway More Than Doubled its Stake in Apple in January

In an interview with CNBC today, billionaire investor Warren Buffett revealed that his holding company Berkshire Hathaway held around 133 million shares in Apple prior to the company's record-breaking earnings results on January 31. Berkshire Hathaway disclosed that it held 57.3 million shares in Apple as of December 31, 2016, so it more than doubled its stake in the iPhone maker in January. The holding, which reflects about 2.5% of Apple's outstanding shares, is worth over $17 billion if the shares are still held today. 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 $137.11 last week just nine months after setting a 52-week low of $89.47 in May

Berkshire Hathaway Nearly Quadrupled its Stake in Apple Stock Last Quarter

Warren Buffett's holding company Berkshire Hathaway nearly quadrupled its stake in Apple stock to 57,359,652 shares last quarter, according to an SEC filing disclosed today. Its stake in Apple was worth nearly $6.7 billion as of December 31, and over $7.7 billion today if the shares are still held. 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

Berkshire Hathaway Increases Stake in Apple to $1.46 Billion

Warren Buffett's Berkshire Hathaway has increased its stake in Apple by 55 percent, taking its investment in the company to $1.46 billion (via Reuters). Berkshire owned 15.23 million Apple shares as of June 30, up from 9.81 million shares as of March 31, according to a regulatory filing. It's unclear whether Buffett himself or one of his deputies are behind the investment. The move by Berkshire Hathaway took advantage of a difficult time for Apple on the stock market. Between April and June, Apple's share prices dipped 12 percent to $95.60 per share, following the company's first revenue decline in 13 years during the previous quarter. Despite that, Apple shares are up more than 10 percent in the last month, after the company rebounded on news of better than anticipated business performance in its last earnings call, partly due to strong iPhone SE sales. Back in March, Berkshire revealed its $1.2 billion stake in Apple, causing shares to soar 9 percent and breach the $100 mark shortly after other investors revealed they had moved to dump Apple stock.

Apple Shares Soar 9% on News of Warren Buffett Stake in Company

Apple shares have soared 9 percent since American business magnate Warren Buffett revealed his company's $1.2 billion stake in the company on May 16 (via Fortune). Apple stock looked to be on the wane following Apple's earnings call at the end of April, when the company announced its first ever drop in iPhone sales and its first year-over-year revenue drop in 13 years. Shares of Apple subsequently fell below $90 for the first time in nearly two years amid investors' concerns over the slump. Later it was revealed that Apple investor Carl Icahn had earlier decided to sell his stake in the company due to concern over China's attitude towards Apple, while a second Apple investor, David Tepper, had also dumped shares as its value continued to lessen. However, just over two weeks ago, a regulatory filing by multinational conglomerate Berkshire Hathaway - which is run by Warren Buffett - revealed that as of March 31, the company owned 9,811,747 shares in Apple stock. Since then, shares of Apple have risen by 9 percent and breached the $100 mark, its highest point in a month. Buffett has something of a reputation for being able to affect stocks, according to Fortune, which points to a dramatic 11 percent upturn of Kinder Morgan shares in February, shortly after Berkshire Hathaway disclosed its stake in the company. However, Apple has also enjoyed a reversal of fortune in recently reported production targets for its next-generation iPhone 7, which is expected to launch this September. Contradicting previous claims of projected weak demand for the upcoming

Berkshire Hathaway Discloses Nearly $1 Billion Stake in Apple

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. 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