> Warren Buffett Blog: Apple earnings bonanza for Warren Buffett

Tuesday, August 8, 2017

Apple earnings bonanza for Warren Buffett

Warren Buffett’s ownership of Apple has yielded unrealized gains to the tune of $1 billion in a single day for Berkshire Hathaway.  

Apple Inc, the American multinational technology company had released it’s quarterly earnings report for the third quarter last week. Buffett’s company, Berkshire holds 135 Million shares in Apple Inc. On the back of strong quarterly earnings posted by Apple Inc, its shares rose by 5.11% to $157.72 on Wednesday. In absolute terms the shares rose by $7.67. The math amounts to a gain of $1,035,319,579.

Buffett will have to sell sell his company’s shares at the current stock price in order to realize the gains.