Legendary investor Warren Buffet never invested in any technology stocks until he bought 10 million shares of Apple in 2016. By the end of last year, Buffett's Berkshire Hathaway holding company owned 905 million shares in Apple that was valued at $173.8 billion. Buffett reduced his stake in Apple earlier this year to 789 million shares. Now, Buffet has cut his position inThe"Oracle of Omaha" isn't one to use charts, day trade, or gamble in the options market.
"If you’re an Apple user and somebody offers you $10,000, but the only proviso is they’ll take away your iPhone and you’ll never be able to buy another, you’re not going to take it. If they tell you if you buy another Ford car, they’ll give you $10,000 not to do that, you’ll take the $10,000 and you’ll buy a Chevy instead."-Warren Buffett, legendary investor
Because Apple plays a large role in several stock indices including the S&P 500 and the Dow Jones Industrial Average, the company's largest institutional holders are index funds that must buy enough shares to mirror Apple's weight in the index each fund follows. Mutual funds company Vanguard owns 1.17 billion shares of Apple or 7.63% of the company. Vanguard Index Funds own an additional 981.4 million Apple shares or 6.4% of the tech giant.
Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.Multiple accounts - one person can have only one accountModeration is done by humans.