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Warren Buffett reveals $1bn Apple stake


Warren Buffett reveals $1bn Apple stake

The billionaire investor Warren Buffett has revealed that his investment firm has bought a $1bn stake in the technology firm Apple.
Berkshire Hathaway disclosed a holding of 9.81 million shares in the iPhone maker in a regulatory filing.
Mr Buffett, who has traditionally shied away from tech stocks, is known for buying “value stocks”, so it is being seen as significant for Apple.
Its shares have fallen almost 30% over the past year but rose on Monday.
Slowing iPhone sales have led investors to question whether the company can maintain its huge profit levels.

Last week Apple temporarily lost its place as the world’s most valuable company after a fall in shares pushed its total market value below that of Google parent Alphabet.



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