Warren Buffett's company doubles its investment and now owns 2.5% of Apple

In 2011, Warren Buffett He said he had few shares in Apple and that he most likely would not invest much in the company for a simple reason: according to him, the company's future was very difficult to predict. But something changed in the investor's view, and since then, his company has been buying Apple shares in huge doses.

In May 2016 the Berkshire Hathaway disbursed US $ 1 billion in Ma papers (which at the time represented about 9.8 million shares); last August, there were another 5.4 million shares; A few days ago we found out that the number of $ AAPL papers was already at 57.4 million.

It seemed like a lot, but according to the CNBC, Berkshire Hathaway doubled its investment in Apple and now holds 133 million papers, valued at $ 17 billion! With this investment, the company has in its hands 2.5% of Ma's shares in circulation, making the company run by Tim Cook Buffett's second largest investment (second only to Coca-Cola).

The reason for this, according to the legendary investor, would be the retention power of Apple consumers (year in and year out, the success of the iPhone seems to be indisputable, even for Buffett who does not use the device).

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On a related note, Al Gore (former US vice president and Apple advisor) sold 215,437 shares of the company in multiple transactions ranging in value from $ 136.40 to $ 137.12, pocketing $ 29.5 million.

Four years ago, Gore exercised his right to buy 59,000 shares of Apple at a reduced price of $ 7.48 each (at the time they were worth $ 502.68 before the split), totaling US $ 441.3 thousand.

With the sale, Gore now owns 230,137 shares of Apple that today equate to approximately $ 31.5 million.

(via 9to5Mac, AppleInsider)