Berkshire’s $1 Billion Apple Bet Suggests Faith in Product Pipeline

  • Buffett’s company had 9.81 million shares as of March 31
  • Berkshire also added to stakes in IBM, Deere and Visa

Buffett's Berkshire Declares $1.07 Billion Stake in Apple

Given all the pessimism about Apple Inc. these days, one might wonder why Warren Buffett’s Berkshire Hathaway Inc. is betting $1.1 billion on the company. But if sentiment on Wall Street is any guide, the Oracle of Omaha and his lieutenants have made a prescient play.

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