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Warren Buffett earned on the stock Apple more than $1.6 billion in two months

25.02.2017 Erika J. Wells 0 Comments

The company is Warren Buffett’s Berkshire Hathaway has earned since the beginning of the year, over $1.6 billion on the stock Apple. Such calculations leads to the Bloomberg news Agency.

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Warren Buffett earned on the stock Apple more than $1.6 billion in two months

Warren Buffett — the guru in the field of investment and money. According to the financial report of his company Berkshire Hathaway acquired 61,2 million of Apple stock for $6.75 billion, at a price average of $110,17 apiece. At the close of trading on Friday the shares, which was $136,66 per share. Thus, on 24 February this package was estimated at more than $8.3 billion.

The Fund earned for the year $of 24.07 billion In the year-end profit of Berkshire in annual terms increased by 15% to $6,29 billion From November 8, shares of Berkshire class A has risen by 15% in connection with the election of the President of the United States.

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Apple securities began to rise in price after the investment Bank Goldman Sachs raised target share price, and analysts at UBS said that the market is underestimating revenue from services, “Apple” of the Corporation. In addition, shares of Apple rise in price against the background of numerous rumors about the new iPhone and after the publication of earnings above market expectations.

Warren Buffett earned on the stock Apple more than $1.6 billion in two months

According to Buffett, he is satisfied with the investment of Berkshire Hathaway. Shareholders, he stated that it was confident in the sustainability of the market system, which was built by the Americans: “I repeat what has already been said before and, I hope, will Express in the future: children born now in the US, is the happiest generation in history.”

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Billionaire Warren Buffett at the time, gave advice to Steve jobs, how to spend Apple cash. “We have so much cash, Warren, what do we do with them? – he quoted the founder of Apple. I suggested him to invest the assets in their own stock – at the time they were sold for $ 200 [approx. before the stock split in 2014]”.

However, jobs did not heed the advice of a billionaire and chose to remain in cash. Buffett himself expressed regret that the time was not able to buy Apple.

#apple#iPhone#Steve Jobs

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