For a long time he was shying away from tech stocks, now the star investor sends Apple’s paper to the highest level of all time with his millionaire purchase. This puts a magical brand within reach.
Shares of Apple have topped their good run of recent days with the jump to a record high of 183.65 US dollars on Friday. After the papers had already benefited on Wednesday from surprisingly good quarterly numbers, investors now cheered the increase in shares by the famous big investor Warren Buffett. Most recently, the shares went up by a good 3 percent to $ 182.8701.
Buffett’s investment company Berkshire Hathaway had bought 75 million more shares of the iPhone manufacturer in the first quarter, as revealed by the star investor CNBC. Buffett, who has long doubted tech values, has become a big fan of Apple in recent years , by the end of 2017, the California smartphone maker had replaced the US bank Wells Fargo as a top position in its portfolio.
With the rise to the highest price ever the Apple shares of the company from Cupertino help to reach another record. The technology group is currently with a market capitalization of just under $ 900 billion the most expensive listed company in the world. Soon, the group could be the first company to crack the $ 1 trillion threshold.
$183.83 + 6.94 (+ 3.92%)
Buffett is especially impressed by Apple’s high profit margins. The company earns almost twice as much as the second most profitable American company, the investor emphasized. It was not until midweek, to the delight of Buffett, that good news came from Apple. For example, analysts’ expected slump in iPhone sales in the past quarter failed to materialize. Rather, the expensive iPhone X had been the best-selling Apple phone in every week of the quarter.
Currently there is confidence among the experts. For example, none of the 46 analysts covered by the Bloomberg news agency advises selling Apple shares. Instead, 18 experts recommend getting started. For example, it was only on Thursday that the expert Ingo Wermann of DZ Bank wrote that, among other things, the high net liquidity and extensive share repurchases were in favor of buying the securities.