Warren Buffett's Berkshire Hathaway buys $ 1 billion in Apple shares

Warren Buffett's Berkshire Hathaway buys $ 1 billion in Apple shares

Taking advantage of the recent fall in the value of AAPL, Berkshire Hathaway commanded by Warren Buffett bought at the end of the first quarter about $ 1 billion on Apple shares.

According to the Bloomberg, there are only 9.81 million shares of Apple now in the hands of Buffett. The novelty, hitherto unknown, is already causing AAPL to rise by almost 2% in NASDAQ pre-opening negotiations.

Berkshire's entry is even more curious at this point, since a few weeks ago also billionaire investor Carl Icahn sold all of his Apple papers, something that Tim Cook briefly discussed in his interview with Jim Cramer.

Regardless of Apple's future prospects, it is practically a consensus on Wall Street that AAPL is currently very, very cheap.

[via MacRumors]