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Berkshire's Apple Gain Reaches $1.6 Billion; Cost Disclosed

  • Airline bet also prospers after Southwest, Delta gain
  • Buffett’s stock portfolio is worth more than $120 billion
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Buffett’s Deputies’ Influence Seen in Apple, Airline Bets

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Berkshire Hathaway Inc.’s gain on Apple Inc. is more than $1.6 billion after shares of the iPhone maker surged.

The stake of 61.2 million shares was acquired last year for $6.75 billion, an average of about $110.17 apiece, according to the annual report Saturday from Berkshire, which is led by billionaire Chairman Warren Buffett. The holding was valued at more than $8.3 billion as of Friday’s $136.66 closing price.