Warren Buffett's Berkshire Hathaway Bets $1 Billion On Apple - InformationWeek

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Warren Buffett's Berkshire Hathaway Bets $1 Billion On Apple

The famed investor's firm takes a $1 billion stake in the iPhone maker, marking its first investment in the company and signaling hope for Apple's growth prospects.


(Image: Jason Doiy/iStockphoto)

(Image: Jason Doiy/iStockphoto)

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Whoopty
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Whoopty,
User Rank: Ninja
5/18/2016 | 7:35:36 AM
Re: A Vote from Buffett Goes a Long Way
As much as Apple might not be quite as strong as it was a year ago, it's still a pretty safe investment. iPhones will continue to sell, even if in not quite such astronomical numbers and it likely won't be long until Apple comes out with a new 'innovation' that the fans need to have.
jastroff
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jastroff,
User Rank: Ninja
5/17/2016 | 2:46:59 PM
A Vote from Buffett Goes a Long Way
He may have bought low, but Buffett's investment will help to send the stock back up, even for a while -- such is his reputation a stamp of approval

>> Buffett's Berkshire Hathaway is known as a value investor. The buy indicates that it's betting that Apple's intrinsic worth is more than Wall Street believes, and that over time its growth will convince other investors.
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