Berkshire Hathaway, an Omaha-based financial conglomerate, and with Warren Buffett to the head (third richest man on the planet), increases his bet on Apple shares, raising these to the figure of $ 1,46 billion.
The finance company took advantage of a price drop in the company's shares based in Cupertino during the second quarter, significantly increasing its market share with Apple shares.
This increase on June 30 was of about 5,4 million shares, controlling the enormous sum of 15,2 million shares of the apple company, according to the presentation of the SEC (Securities and Exchange Commission) published last Monday.
About us Berkshire Hathaway took advantage of the fall produced in the second quarter by Apple, which the value of its shares fell by up to 12%, up to about $ 95,60 each. This was largely to blame for the decline in iPhone sales in that period, thus spurring the largest decline in company revenue in 13 years.
It is not the first time that this company has bought shares in the technology company. Already at the beginning of this year, they acquired an amount higher than the current one with the purchase of 9,81 million shares. Strategic movements that are undoubtedly perfectly measured by the company led by Warren Buffett.
And they seem to know what they are doing. Mainly because the Lord Buffett he is the third richest man on the planet, second American only behind Bill Gates, and has shares in more than 1000 American companies, among which stand out, among others, Coca-Cola, McDonald's, Intel, Pixar, IBM, Yahoo, or AT&T.
Currently, with the market closing last Monday, Apple shares (AAPL) on the American stock market they were around $ 109,48 per share.
