• Home
  • Apple
  • Buffett’s Berkshire Hathaway Bought Another 75 Million Shares of Apple in Q1 2018

Buffett’s Berkshire Hathaway Bought Another 75 Million Shares of Apple in Q1 2018

Buffett’s Berkshire Hathaway Bought Another 75 Million Shares of Apple in Q1 2018

Warren Buffett’s Berkshire Hathaway bought an additional 75 million shares of Apple during the first quarter of 2018. That adds to the 165.3 million shares the holding company already owned at the end of 2017.

CNBC:

Wall Street may have had doubts about Apple before the company reported its most recent quarterly earnings, but one of the tech company’s biggest shareholders — Warren Buffett — didn’t.

“It is an unbelievable company,” Buffett told CNBC. “If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States.”

While Buffett and Berkshire Hathaway have long steered away from investing in technology companies like Apple, he has indicated in the past that he sees the iPhone maker as more of a consumer company.

Apple shares had sagged a bit in anticipation of Tuesday’s fiscal Q2 2018 earnings report, due to numerous reports about iPhone X sales. Apple instead reported stronger than expected earnings for the quarter.

The Cupertino firm posted revenue of $61.1 billion and a net quarterly profit of $13.8 billion in the quarter, up from revenue of $52.9 billion and a net profit of $11.0 billion in the year-ago quarter.

“The idea that you’re going to spend loads of time trying to guess how many iPhone X … are going to be sold in a 3 month period totally misses the point,” Buffett said. “It’s like worrying about the number of BlackBerrys 10 years ago.”

  1. 53453 841371This internet website is often a walk-through for all of the knowledge you wanted concerning this and didnt know who should. Glimpse here, and youll definitely discover it. 814112

  2. 12263 307662Hey, you?re the goto expert. Thanks for haingng out here. 823811

  3. fake id says:

    934561 674873A very good clear cut answer and a terrific concept. But how do I post any work on this web site is yet another question. The Foureyed Poet. 783330

  4. 196021 68369Nice post. I learn something far more challenging on different blogs everyday. It will always be stimulating to read content material from other writers and practice just a little something from their store. Id prefer to use some with the content on my blog whether you dont mind. Natually Ill give you a link on your internet weblog. Thanks for sharing. 543357

  5. 644711 878327the most common table lamp these days nonetheless use incandescent lamp but some of them use compact fluorescent lamps which are cool to touch.. 101453

  6. sbobet says:

    383068 82153Outstanding post, I conceive people need to larn a good deal from this web web site its genuinely user genial . 949676

Leave a Reply

Your email address will not be published.