Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Monday revealed a new stake in Apple Inc (AAPL.O), in a bet that the stock price could rebound after iPhone sales fell for the first time.
Berkshire held 9.81 million Apple shares worth about $1.07 billion as of March 31, according to a filing with the U.S. Securities and Exchange Commission detailing the company’s U.S.-listed stock holdings.
It is not clear whether Buffett or either of his portfolio managers, Todd Combs and Ted Weschler, who each invest about $9 billion, made the investment.
