HomeBusiness NewsTechnologyWarren Buffet buys more shares at Apple

Warren Buffet buys more shares at Apple

Warren Buffet who is among world richest people and also the  co-founder of Microsoft has increased his shares at Apple.

 Warren buffet is well known for his huge investment in shares which have made him rich.He is the CEO of Berkshire Hathaway,which is a multinational conglomerate company with branches in Omaha,Nebraska and United States.

Speaking to CNBC on Friday,Warren Buffet said that Berkshire bought 75 million shares of Apple during the first three months of the year.This adds to 165 million shares that Berkshire hold at Apple as at the end of last year.

In his own word Warren referred Apple as an unbelievable company that makes far more profits than any other American corporation.

His endorsement helped lift Apple shares by 4% which was its all time closing high.Warren Buffet who has invested late in the technology sector until two years,started by purchasing 9.8 million shares at Apple.

The latest purchase will see Berkshire holding increase by 45%.

Slavian Mwangecho
Passionate blogger on a day to day activities happening in Kenya, Africa and around the world. A keen follower of the latest news making headlines around the world

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