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Apple shares rose to an all-time high thanks to Warren Buffett

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Apple shares rose to an all-time high thanks to Warren Buffett
May 04
09:00 2018

During Friday’s trading at NASDAQ, the shares of the US technology giant updated their performance to record values since October 2011.

The rapid growth of the Apple Inc. quotations was caused by the news about the acquisition of 75 million shares of the company by the investment holding Berkshire Hathaway. It should be noted that the holding belongs to an American multibillionaire Warran Buffett. CNBC, the Western business news agency, reported that Mr. Buffet had read out that news on the eve of the annual meeting of BH shareholders.

Thus, the US investment holding increased its block of shares in Apple Inc., which was about 165.3 million shares at the end of 2017.

Over the past few years Mr. Buffet’s passion for this company has surprised many analysts. He is considered to be an investor of the “old formation”, who is cautious about investing in the high-tech sector. In order to inspire confidence in the investments of the American conglomerate, it is necessary to have:

– a recognizable brand,

– stable dividends,

– regular share buybacks.

In the interview with the CNBC business news channel, Warren Buffet called Apple an incredible company; he also mentioned consistently high profits of the technological giant.

The team of Money-Investing notes that the price of Apple securities has risen by 3.5% this Friday. Since the beginning of the week, the increase has totaled 12.7%, and the capitalization of the technology corporation is approximately $ 900 billion. This indicator keeps the company at the rating top of the most expensive companies in the world.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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