Earlier this week, we reported that Berkshire Hathaway, the cglomerate founded and led by Warren Buffett, had purchased 75 milli additial AAPL shares during the first quarter of this year. Now, Buffett says that he wants to buy even more business …
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At the annual meeting of Berkshire Hathaway shareholders, Buffett cgratulated Apple for creating "extremely sticky" products. The comments were first reported by Reuters .
In additi, Buffett said that he would like to see Apple fall in price so Berkshire Hathaway could further increase his property. The cglomerate is currently the third largest shareholder of Apple:
"We would like to see Apple fall in price," said Buffett. Berkshire is now the third largest shareholder of Apple, behind Vanguard Group and BlackRock Inc.
Buffett also praised Apple's announcement of a buyback program. shares of 100 billi dollars. Buffett loves the idea because it seems to increase Berkshire's 5% stake in Apple due to the decline in total outstandings. shares:
"I am delighted to see them buy back shares," said Buffett. "I like the idea of having our 5 percent, or whatever, maybe reach 6 or 7 percent without us having a penny."
Berkshire Hathaway revealed last week that she had bought a …