Apple Stock Falling to Pieces, Well known investor guru, Warren Buffet could be losing billions US dollar as Apple Stock decreasing, Based on 13F filings with the Securities Exchange Commission, Buffett’s investment vehicle Berkshire Hathaway Inc. BRK.B, +1.85% took its first position in Apple—9,811,747 shares—during the first quarter of 2016. That was about a year after Apple joined the Dow Jones Industrial Average and a little over three years after Apple resumed paying a dividend. The first iPhone was launched in June 2007. This is the worst maybe, as trade war still on going, and maybe getting worst for tech companies with outsource the assembling parts outside US
Since then, Warren Buffet, increased his stake to 252,478,779 shares, or about 5.3% of the shares outstanding as of Sept. 30, 2018, enough to make him the second largest shareholder. At that time, Buffett’s investment in Apple was valued at about $57 billion, not including dividends. woww it is huge amount
Meanwhile, as reported from Nasdaq quotes, The stock AAPL, +4.27% tumbled 10% Thursday to the lowest close since April 2017, after the company cut its revenue outlook, citing weaker-than-expected iPhone sales, primarily in China.
The stock has now plunged 38.7% since closing at a record $232.07 on Oct. 3. Over the same time, the Dow DJIA, +3.29% has shed 4,142 points, or 15.4%.
At current prices, the value of Buffett’s stake, assuming it has remained the same size since Sept. 30, would be down about $4 billion on the day, and $21.1 billion since Sept. 30. maybe Buffet still on hold the stock for some reasons
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