Warren Buffet will undoubtedly leave a mark by investing in technology companies. A trace that undoubtedly began to provoke doubt. And his share in the technology sector only worsened after Apple lost nearly $ 350 billion in market capitalization since October.
For decades Buffet avoided technological action, saying he did not understand them well enough. The billionaire of Berkshire Hathaway has invested more than $ 10 billion in International Business Machines Corp, starting in 2011. He completely erased his position a year ago, acknowledging that his analysis was wrong.
Now, Apple's Buffet bet, which is about 252 million shares bought at the end of September, seems rather unstable. Apple shares fell in the aftermarket session after cutting their profit forecast. Apple accused the economic slowdown in China and said that very few people have upgraded their old phone than expected.
Apple fell to $ 144.51, with the company's $ 3 billion worth of position. Buffet bought most of the shares at a lower price to get ahead of other investors.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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