> Warren Buffett Blog: Warren Buffett buys APPLE shares

Monday, May 16, 2016

Warren Buffett buys APPLE shares

Warren Buffett’s Berkshire Hathaway Inc. took a new stake in Apple Inc. in the first quarter, a move that comes as the technology giant’s shares have been battered amid a slowdown in iPhone sales.

The legendary investor’s firm reported owning 9.81 million shares of Apple  as of March 31, 2016 valued at approximately $1.07 billion. 

Berkshire acquired its position at an average price of about $109 a share. It's worth noting, though, that Buffett's position in Apple is still relatively small compared to Berkshire's top holdings- most notably Kraft Heinz, Wells Fargo, Coca-Cola, IBM, American Express and Phillips 66. 

Berkshire, which for years had avoided technology stocks, also increased its position in International Business Machines Corp. IBM, +0.53%  by 198,853 shares. He first bought IBM stock in 2011, making an investment worth more than $10 billion.