Berkshire Hathaway’s stake in Apple

[TheWorldNewsOrg]

Berkshire Hathaway’s stake in Apple is now worth nearly $50 billion https://t.co/qPHdkUrnu7 pic.twitter.com/RSxFIzweMt

— CNN International (@cnni) August 4, 2018

 

[LNN]

Warren Buffett’s Berkshire Hathaway Inc. might now have a loss on its stake in Apple Inc., which fell Thursday after the iPhone maker lowered its fiscal first-quarter revenue forecast. This conclusion is based on the number of shares Berkshire has bought each quarter since its initial purchase three years ago and Apple’s average quarterly closing share price. Combining the two gives an estimated cost of $146.02 a share for the 5.4 percent holding, according to data compiled by Bloomberg. Apple’s shares closed at $142.19 Thursday after tumbling 10 percent, its steepest drop since January 2013.