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The value of Warren Buffett’s Apple investment increased by $8 billion in less than a day

Friday January 28, 2022. 09:19 PM , from Mac Daily News
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.
Warren Buffett addresses shareholders at the annual meeting of his Berkshire Hathaway Inc. during webcast due to COVID-19 pandemic, in Omaha, Nebraska May 2, 2020 (video still via Yahoo Finance)
Kif Leswing for CNBC:

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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The post The value of Warren Buffett’s Apple investment increased by $8 billion in less than a day appeared first on MacDailyNews.
https://macdailynews.com/2022/01/28/the-value-of-warren-buffetts-apple-investment-increased-by-8-bil...
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