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Warren Buffett’s $1B investment in AAPL sees stock climb back up 9%, above $100

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<p>The <a href="http://9to5mac.com/2016/05/16/warren-buffett-aapl-stock/" target="_blank">billion dollar AAPL investment[/url] Warren Buffett’s conglomerate Berkshire Hathaway disclosed in an SEC filing a fortnight ago seems to have gone a long way toward restoring investor confidence. <a href="http://fortune.com/2016/05/26/shares-of-apple-have-soared-9-since-warren-buffett-revealed-his-stake/" target="_blank">Fortune[/url] reports that the stock has climbed 9% since the disclosure, taking it back above the $100 mark.</p>

<p class="p1"><span class="s1">Buffett tends to have that effect on stocks—for example, when the company disclosed a stake in Kinder Morgan in February, shares shot up 11%. </span><span class="s1">Apple’s rise in the past few weeks is no doubt partially the cause of Berkshire Hathaway’s disclosure.</span></p>

<p>AAPL’s share price dropped sharply after the company’s <a href="http://9to5mac.com/2016/04/26/apple-earnings-fy16-q2/" target="_blank">Q2 earnings report[/url] revealing a substantial year-on-year fall in iPhone sales. Sales of 51.1M iPhones were 18% lower than the 61.1M sold in the same quarter the previous year …</p>
<p> <a href="http://9to5mac.com/2016/05/27/aapl-100-warren-buffett/#more-432554" class="more-link">more…[/url]</p>
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