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Instead, Buffett's ride with Apple has been fueled largely by growth in the company's services business. In 2015, Apple reported annual services revenue of $19.9 billion and wearable revenue of ...
Image source: Apple. Apple's $700 billion investment has been a godsend for its shareholders. Berkshire Hathaway CEO Warren Buffett made Apple his company's top holding for a good reason. Namely ...
Big News: Buffett Invests in Apple. Buffett made waves in the investment world when Berkshire first bought Apple stock in Q1 2016, and then continued and even accelerated his buying throughout ...
The interest in Apple's new AI features underscores the current growth driver of Apple's business: its services. Apple services generated $93 billion in revenue over the last 12 months, growing 14 ...
Here's why the company may look attractive to Buffett and his investment team at the moment. Why Berkshire Hathaway keeps trimming Apple The Apple investment has generated over $100 billion in ...
Apple (NASDAQ: AAPL) has been one of Berkshire Hathaway's largest holdings for some time. However, Warren Buffett and his team at Berkshire have started to unload the position, selling Apple stock ...
AAPL data by YCharts. 3. Berkshire Hathaway's size means it needs the liquidity. Another reason for the sale may come with the difficulty of managing an investment company that is the size of ...
Warren Buffett sold roughly half of Berkshire Hathaway’s stake in Apple during the second quarter and revealed a record cash pile of more than $270 billion at the end of June, contributing to ...