Warren Buffett’s Berkshire Hathaway, which owns over 5% of outstanding Apple stock, notched more than $8 billion in gains on Friday as Apple stock rose following an all-time quarterly earnings report.
The value of Berkshire Hathaway’s holdings in Apple jumped more than $8 billion on Friday as Apple stock rose more than 5% on a strong earnings report.
Apple reported December quarter earnings on Thursday, posting nearly $124 billion in sales…
Berkshire Hathaway started accumulating Apple stock in 2016 and now owns 887,136,000 shares of the iPhone maker, or over 5% of Apple’s outstanding stock, according to FactSet data.
Apple issues regular dividends, which Buffett has said is attractive under his investing philosophy.
“I don’t think of Apple as a stock. I think of it as our third business,” Buffett told CNBC in 2020, calling it “probably the best business I know in the world.”
MacDailyNews Take: Only $10 billion more to go to get back to where he was at the start of the month!
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But he lost 16B in a month
MDN Take – Exactly! It’s not a gain but a recovery.
A billion here, a billion there…. pretty soon it adds up to real money.
I lost a lot of money on Apple stock after the recent high. But it’s coming back. It’s sort of silly to talk about a one day gain after much more was, and still has been lost. I’m not concerned though. I expect Apple to get back to around the $183 they were at, and rise after they do — as always.
Precisely my dear Watson. I’ve theoretically lost and gained huge amounts with market moods but overall Apple has been on a steady upward climb so a modest investment I made some years ago is worth a huge amount today. It’s all good. Just keep the faith.