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05-16-2016, 06:41 PM
Apple received a $1 billion investment from one of the most influential investors in the world
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They call him the "Oracle of Omaha" because he just seems to k**w how to pick stocks that go up.*
Still, Warren Buffett (and his deputies) aren't perfect.
Buffett's company, Berkshire Hathaway, dropped about $1.1 billion on Apple stock in the first quarter of 2016, snapping up 9.8 million shares in the company, according to a company filing (https://www.sec.gov/Archives/edgar/data/1067983/000095012316017295/xslForm13F_X01/form13fInfoTable.xml) on Monday.*
It's Buffett's first major bite of Apple, and so far, it's a bit sour.
Apple's stock has struggled so far this year after reporting its first sales decline (http://mashable.com/2016/04/26/apple-earnings-quarter-two/) in more than a decade. Buffett's original investment is **w worth about $888 million, a decline of more than $200 million in a matter of months.* Read more... (http://mashable.com/2016/05/16/warren-buffett-apple-1-billion/)
More about Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Apple (http://mashable.com/category/apple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/id21lmhFlCE
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They call him the "Oracle of Omaha" because he just seems to k**w how to pick stocks that go up.*
Still, Warren Buffett (and his deputies) aren't perfect.
Buffett's company, Berkshire Hathaway, dropped about $1.1 billion on Apple stock in the first quarter of 2016, snapping up 9.8 million shares in the company, according to a company filing (https://www.sec.gov/Archives/edgar/data/1067983/000095012316017295/xslForm13F_X01/form13fInfoTable.xml) on Monday.*
It's Buffett's first major bite of Apple, and so far, it's a bit sour.
Apple's stock has struggled so far this year after reporting its first sales decline (http://mashable.com/2016/04/26/apple-earnings-quarter-two/) in more than a decade. Buffett's original investment is **w worth about $888 million, a decline of more than $200 million in a matter of months.* Read more... (http://mashable.com/2016/05/16/warren-buffett-apple-1-billion/)
More about Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Apple (http://mashable.com/category/apple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/id21lmhFlCE