Warren Buffett has Aggressively Ramped up its Bet on Apple

Cryptocurrency Market Remains Robust Despite Warren Buffett Criticism

Investors who do so may be totally missing the point, as Apple boasts a "wide, wide gap" against its peers, said Buffett, 87. As CNBC notes, investors responded positively to Warren Buffett's Berkshire Hathaway firm upping its investment in Apple by 75 million shares last quarter. When added to the 166.7 million shares that Berkshire Hathaway owned at the end of 2017, Buffet's holding company now owns 241.7 million Apple shares.

One company that won't appear anywhere in Berkshire's report is IBM.

During the other part of the interview on Friday, Buffett has revealed and said that he had sold all of his shares of computer and information giant IBM.

USA stocks rose Friday as shares of Apple hit an all-time high to lead a rally for technology companies.

After nuking fears that the iPhone X may be a colossal failure somehow, Apple's stock price has been on a climb this week with AAPL touching a new high during intraday trading.

Notion of United States troop cuts unnerves South Korea and Japan
The president commented on the summit on Friday, speaking to reporters as he left the White House to travel to Dallas, Texas. The White House has said the first meeting between the sitting USA and North Korean leaders could take place in coming weeks.

Jason Witten Should Be First Ballot Hall of Famer
The Dallas Cowboys drafted Witten out of the University of Tennessee in the third round of the 2003 NFL Draft (69th pick overall). Most felt Witten would become a coach after his playing days, but he joked that the broadcaster's lifestyle is a little better.

Trump dictated his own 'extraordinary' letter of health, doctor claims
It created a lot of chaos", Bornstein said, adding he felt "raped, frightened and sad" about the incident. He says Trump dictated it and he just told him what he couldn't say or wouldn't sign on to.

Buffett has also recoiled away from financing in technology companies. It booked sales of $61.1 billion and grew earnings by 30%. And above all, Berkshire had $116 billion in cash at the end of previous year, so has plenty of spare money to make big investments. I see how strong that ecosystem is, to an extraordinary degree.

However, there may also be another reason for the investment: Berkshire's cash position.

Billionaire investor Warren Buffett's big bet on Apple now appears to be the whole lot bigger.

IBM shares are down 0.5% premarket to $141.28.

Related:

Comments

Latest news

ATF Agent Critical After Being Shot In Face, Manhunt Underway For Suspect
The shooting took place in the 4500 Block of South Hermitage in the city's Back of the Yards neighborhood. Chicago police and the ATF were working together early Friday morning when the incident occurred.

Southwest announces specific airports flying to Hawaii destinations
Fayez Sarofim & Company, which manages about $31.66 billion and $19.30 billion US Long portfolio, decreased its stake in Visainc. Fuller And Thaler Asset Mgmt Incorporated holds 0.09% of its capital in Southwest Airlines Co . (NYSE:LUV) on Friday, March 2.

Trump says he may attend Jerusalem embassy opening
Abe is only the third Japanese prime minister to visit Israel since the two countries established diplomatic relations in 1954. Abe also spoke with Netanyahu about the Israeli-Palestinian conflict and the importance of a two-state solution.

United Kingdom government suffers Brexit defeat in House of Lords
Speaking afterwards, he said ministers would consider the implications of the vote. Ministers said this risked "weakening" the UK's hand in negotiations.

Severe dust storms across India kill more than 100 people
Three persons each died in Bijnore and Kanpur Dehat, and two each in Saharanpur, Hamirpur, Kanpur Nagar and Mirzapur districts. Many homes collapsed in the night after being struck by lightning , crushing the sleeping families inside.

'Stay tuned' for news on Americans detained in North Korea, Trump tweets
North Korea will imminently release three Americans who have been imprisoned in the country, CNN is reporting. Sanders said the White House "can't confirm the validity of any of the reports now out about their release".

Former Volkswagen CEO Winterkorn indicted in U.S. over 'Dieselgate'
Winterkorn resigned days after the scandal over polluting vehicles in the United States became public in September 2015. Environmental Protection Agency accused VW of using a so-called "defeat device" on its 2.0-liter turbodiesel.

Sunny Bank Holiday weekend to bring respite after winds and rain
After the last few days of miserable weather, Brits have been left wondering whether our summer has already been and gone. Temperatures will be warmer than today, especially in the sunnier parts of the country where 13-15c will be typical.

Sajid Javid appointed as Britain's new interior minister
In Remain supporter Javid, May has kept the balance of the Cabinet, "but only just", says The Times's Matt Chorley. As soon as she became prime minister, May demoted Javid from business secretary to communities secretary.

U.S. warns China of 'consequences' of military buildup in SCS
Philip Davidson said last month that China's forward operating bases appear to already be complete. China "hopes relevant parties can objectively and calmly view this", she added.

Facebook Inadvertently Launches 'Hate Speech' Button
This morning, the social media giant Facebook began testing out a button for users to report posts as hate speech. However, Facebook determined a bug caused the internal feature to launch publicly.

Khloe Kardashian Disables Instagram Comments on All Her Tristan Thompson Photos
The " Revenge Body " host also said that she turns to parenting websites and apps to help her when she is in need of some quick advice.

Bonfire explosion in London injures up to 30
Yeshiva site reported that 10 of the injured were taken to hospital. Other reports say at least one mobile phone was put into the fire.

Auto left hanging from bridge stumps police
The vehicle was found dangling below the bridge during rush hour traffic with some windows missing. Glen Russell told reporters at the scene.

Theresa May postpones customs decision after ministers disagree
Shadow Brexit minister Jenny Chapman urged the government to back Labour's plan for "a new comprehensive customs union with the EU".

Other news