Apple

Apple’s capitalization rose to $ 931 billion after the purchase of Warren Buffett 75 million shares

As a result of the agreement, Buffett became Apple’s third largest investor.

Warren Buffett

According to the publication Bloomberg, May 4, 2018 Apple shares rose to a historic high after the purchase of the structures of Warren Buffett 75 million shares of the company.

At the Nasdaq exchange, Apple’s stock was worth $ 183.49 – 3.7% more than at the opening of trading. As a result, the company’s capitalization grew to $ 931 billion.

Previously, Apple published a report, according to which the value of its shares since the beginning of the year increased by 8%. According to the agency, the transaction cost Buffett about $ 14 billion.

As a result of the agreement, Buffett became Apple’s third largest investor.

It’s an incredible company. When I look at Apple, I think that it earns almost twice as much as the second most profitable company in the US.

Warren Buffett
American businessman and investor
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