Thursday, March 28

Tag: apple shares

Apple Shares Reach Record High after Warren Buffet Buys 75Mn Shares
Market

Apple Shares Reach Record High after Warren Buffet Buys 75Mn Shares

American multinational conglomerate, Berkshire Hathaway Inc has bought an additional 75 million shares of Apple Inc. in the first quarter while dumping its remaining stake in International Business Machines Corp., Chairman Warren Buffett informed in an interview. Buffet's announcement has come just after Apple had reported its quarterly sales and profit rose higher superseding all analysts estimations in more than two years. The news also did away with fears in Apple shares amidst the concerns that its iPhone flagship was struggling to woe customers in the market. Apple purchase which would otherwise cost between $11 billion and $14 billion, now adds to the almost 170 million shares that Berkshire Hathaway owned at the end of 2017 which was then Buffet's biggest shareholding. The add...
Apple Shares Flirt With Correction Territory
News

Apple Shares Flirt With Correction Territory

Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X. (more…)