Apple stock represents the 3rd position in the most massive of the investment company Berkshire Hathaway, owned by the successful investor and billionaire, Warren Buffett. In the first quarter of the year 2017 Warren Buffett has bought nearly 72 million share of the company Apple, bringing the total number of shares held by Berkshire Hathaway for more than $ 129 million.
At the current price of Apple stock, the investments of Warren Buffett and his company are more than $ 19 billion. Buffett plays big and if he takes big bets is that he has good reasons. At the time of its first purchases, shares of Apple have lost in value because of the fear that the slowdown of sales in China is a signal of weakness to come for the brand to the apple. Apple stock was then an attractive market for Warren Buffett, who with his company, bought it in mass.
China then showed signs of a recovery with respect to sales of Apple’s products, in addition to rumors relating to the fact that the next iPhone include new features such as the detection of 3D also helped push the share price upward. This is logical, since such a technology could create the demand and push smartphone users to renew their devices for products that are engraved with the brand apple.
The potential of this technology and of the next iPhone suggests that sales of the tech giant might sharply increase by 2018, this action is so key in the portfolio of Warren Buffett which explains why the billionaire invested so much money on this title and many investors are doing the same.
As a reminder, January 1, 2017 Apple stock was at 115,50$ on the stock market, to this day (almost 6 months later) action rating around$ 154, which represents a decision value of the order of 33.3%, representing an exceptional return on investment for investors who have the share in the portfolio. The Apple stock is available for trading in the broker eToro is the leader in terms of trading and social that gives the right to the Warranty Forexagone.