Warren Buffett’s Berkshire Hathaway Inc. disclosed a stake in Apple Inc., betting that the technology company will rebound after a slump driven by a slowdown in iPhone sales.
Berkshire held 9.81 million Apple shares as of March 31, according to a regulatory filing Monday from the billionaire’s Omaha, Nebraska-based company. The holding was valued at $1.07 billion at the end of the first quarter.
21:13 Apple files $1 billion lawsuit against chip supplier Qualcomm19
23:37 Here’s Why Netflix’s Share Price Just Hit a New All-Time High6
21:52 Netflix nears 94 million subscribers 10 years after streaming launch19
18:21 Mark Zuckerberg takes the stand in $2 billion lawsuit claiming Oculus theft14