{"id":3687,"date":"2022-05-02T17:30:18","date_gmt":"2022-05-02T15:30:18","guid":{"rendered":"https:\/\/pr.gagadget.com\/warren-buffett-bought-600m-worth-of-aapl-last-quarter-may-be-buying-more-now\/"},"modified":"2022-05-02T17:30:18","modified_gmt":"2022-05-02T15:30:18","slug":"warren-buffett-bought-600m-worth-of-aapl-last-quarter-may-be-buying-more-now","status":"publish","type":"post","link":"https:\/\/pr.gagadget.com\/en\/warren-buffett-bought-600m-worth-of-aapl-last-quarter-may-be-buying-more-now\/","title":{"rendered":"Warren Buffett bought $600M worth of AAPL last quarter, may be buying more now"},"content":{"rendered":"
Warren Buffett bought $600M worth of AAPL last quarter, may be buying more now<\/div>\n
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Warren Buffett shared information about a large Apple stock buy his company made recently at the Berkshire Hathaway shareholder meeting. Buffett stated that he will continue to buy as much AAPL stock as possible, provided the price is right. <\/p>\n

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Early this year, AAPL shares dropped from highs near $180 to $150 by mid-March. Speaking to CNBC<\/a>‘s Becky Quick, Buffett revealed that Berkshire Hathaway purchased $600 million worth of Apple stock after seeing it dip for three days in a row. <\/p>\n

Notably, he said that he would have kept buying in Q1 if the price had stayed low. However, it increased back up to nearly $180 by the end of March. <\/p>\n

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“Unfortunately the stock went back up, so I stopped. Otherwise who knows how much we would have bought?” the 91-year-old investor told Quick on Sunday after Berkshire’s annual shareholder meeting. <\/p>\n<\/blockquote>\n

\"Apple
AAPL performance in 2022<\/figcaption><\/figure>\n

Writing in Berkshire’s annual shareholder meeting letter, Buffett praised Apple CEO Tim Cook for how he approaches customers as well as the impact of his management skill:<\/p>\n

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It’s no secret that Tim Cook is Apple’s genius CEO. But he treats Apple users as his first love. All of Tim’s other constituents also benefit from his managerial skills. <\/p>\n<\/blockquote>\n

Buffett also endorsed Apple’s stock repurchase program which was just increased by $90 billion at the company’s latest earnings call. <\/p>\n

Interestingly, since Buffett’s $600 million AAPL purchase in Q1, Apple stock has fallen again close to the lows of March. If $150 is in the buy range for Berkshire, the conglomerate could be picking up more shares now. <\/p>\n

This comes in contrast to Buffett revealing last year at this time that Berkshire sold almost 10 million AAPL shares with him admitting that it was “probably a mistake.”<\/p>\n

Berkshire Hathaway, the biggest single shareholder of Apple shares other than ETFs or other funds is . For Berkshire, Apple makes up 47. 5% of its holdings<\/a> with a value of just under $160 billion. <\/p>\n

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https:\/\/i0.wp.com\/9to5mac.com\/wp-content\/uploads\/sites\/6\/2018\/08\/Warren-Buffett.jpg?resize=1200%2C628&quality=82&strip=all&ssl=1<\/div>\n
https:\/\/9to5mac.com\/2022\/05\/02\/warren-buffett-bought-600m-aapl-shares\/<\/div>\n

<\/wordaidoc><\/p>\n","protected":false},"excerpt":{"rendered":"

Warren Buffett bought $600M worth of AAPL last quarter, may be buying more now Warren Buffett shared information about a large Apple stock buy his company made recently at the Berkshire Hathaway shareholder meeting. Buffett stated that he will continue to buy as much AAPL stock as possible, provided the price is right. Early this […]<\/p>\n","protected":false},"author":1,"featured_media":3688,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/posts\/3687"}],"collection":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/comments?post=3687"}],"version-history":[{"count":0,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/posts\/3687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/media\/3688"}],"wp:attachment":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/media?parent=3687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/categories?post=3687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/tags?post=3687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}