Warren Buffett buys stake in Apple

May 16, 2016 12:35 PM

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Is Warren Buffett calling a bottom in Apple's stock price?

Berkshire Hathaway (BRKA), the conglomerate run by Buffett, disclosed in a regulatory filing Monday that it purchased more than 9.8 million shares in Apple (AAPL, Tech30) during the first quarter. It marks Berkshire's first investment in Apple.

Also read: Apple's holiday surprise: big sales, not so big profits

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