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TEHRAN, August 5 - Berkshire Hathaway's 5 percent stake in Apple were worth nearly $50 billion Saturday since the tech giant has become American's first trillion dollar company.
TEHRAN, Young Journalists Club (YJC) -Berkshire Hathaway's 5 percent stake in Apple were worth nearly $50 billion Saturday since the tech giant has become American's first trillion dollar company.
The stake worth nearly $50 billion, posted in a regulatory filing Saturday, is the most valuable stake investor Warren Buffet has had in a single company, CNN Money reported.
Berkshire purchased Apple for about 10 million shares worth a total of $1.1 billion over two years ago and has gradually grabbed hold of more shares. The company had more than 200 million shares worth $41 billion in March and by the last quarterly report at the end of June it had a $47.2 billion investment.
Apple became the first publicly-traded company to reach a trillion-dollar market capitalization Thursday.
Source: UPI
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