Berkshire Hathaway CEO Warren Buffett admits to buying $600M of Apple shares
Warren Buffett bought $600 million worth of Apple Inc. (NASDAQ: AAPL) shares following a three-day decline in the stock last quarter
By Yashasvini Razdan
Published - May 02, 2022, 09:33 PM ET
Last Updated - Apr 16, 2024, 09:33 AM EDT
• Apple’s shares have slipped many times this year amid supply chain constraints
Warren Buffett bought $600 million worth of Apple Inc. (NASDAQ: AAPL) shares following a three-day decline in the stock last quarter.
In an interview with CNBC, Berkshire Hathaway’s chairman and CEO revealed that he bought the dip in Apple’s shares. He said, “Unfortunately the stock went back up, so I stopped. Otherwise who knows how much we would have bought?”
The conglomerate acquired a 5% stake worth $36 billion in the iPhone maker’s stock between 2016 and mid-2018. Berkshire is now Apple’s largest shareholder, outside of index and exchange-traded fund (ETF) providers.
