Warren Buffett's Berkshire Hathaway has bought 9.81 million shares in Apple in Q1, according to its latest regulatory filing, valued at more than $1bn at the end of of the quarter.
Shares in the iPhone maker rose 2.2% to $92.50 in early trading follow the publication of the regulatory filing from the company. Berkshire Hathaway's purchase contrasts the actions of billionaire activist investor Carl Icahn, who sold his holding in the technology giant last month, after Apple reported its first quarterly revenue fall in 13 years. Although Buffett typically shuns technology investments, the investment in Apple could have been made by his deputies Todd Combs and Ted Weschler, who have been building their own portfolios in recent years, typically buying a stake of $1bn...
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