Buffett's Apple Gain Is $1.6 Billion as Price Disclosed: Chart

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.

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— With assistance by Noah Buhayar

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