Buffett takes $1 bn stake in Apple

Buffett takes $1 bn stake in Apple New York (AFP) May 16, 2016 - Billionaire investor Warren Buffett has taken a $1 billion stake in Apple, whose stock has been in an extended slump. The stake was revealed in a regulatory filing by Buffett's holding company Berkshire Hathaway after Apple shares skidded last week to their lowest level in two years. The filing did not indicate when Buffett purchased the shares or his reasons, but Buffett is renowned as ... more

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