Buffett's Apple Stake Triples In Value
Video Credit: Wochit News - Duration: 00:28s - Published
Buffett's Apple Stake Triples In Value
Warren Buffett's investment in Apple has tripled in value to north of $100 billion.
Buffett's Berkshire Hathaway spent about $35 billion to build the 5.7% stake in Apple The 10% rise in Apple's stock price on Friday boosted its value to about $104 billion.
Business Insider reports that Berkshire's Apple position is now worth more than four times its second-largest holding, Bank of America.
Industry analysts call Buffett's investment into Apple "one of the best investments ever."
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