What you need to know
- Warren Buffet's Berkshire Hathaway reportedly made $50 billion on its Apple stock investments in 2020.
A new report says Warren Buffet's Berkshire Hathaway investment firm likely made some $50 billion on its Apple investments in 2020.
From Business Insider:
The 'probably' is predicated on Berkshire not having sold any more of its Apple shares in the final quarter of 2020. If it didn't, its Apple holding will now be worth around $125 billion thanks to 78% growth in the last year, increasing by $50 billion in 12 months and some 250% on its initial investment.
As of September, Apple accounted for 48% of BH's $229 billion portfolio and more than 20% of its market cap.
As the report notes, Buffet has previously stated he doesn't think of Apple as a "stock" but as his "third business" alongside rail and insurance.
Apple announced a 4-for-1 stock split on July 30 following strong results. Despite a rocky start to the year which saw its shares plummet 20% in the opening two months of 2020, Apple finished the year strongly, buoyed most recently by reports it was vastly increasing iPhone production this year to keep up with demand.
Get the best of iMore in in your inbox, every day!
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9
Thank you for signing up to iMore. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.