Warren Buffett, the chairman and CEO of Berkshire Hathaway, said in May that he'd like to see Apple's share price fall so he could step in and buy more.
"From our standpoint we would love to see Apple go down in price," Buffett said in May, at his annual shareholder meeting. "We very much approve of them repurchasing shares."
With the stock plunging Thursday after Apple issued a warning on its quarterly revenue and down 21% since Buffett's comments last May, the billionaire investor may be looking to load up on more shares of the iPhone giant.
Buffett's conglomerate owns 258.2 million shares of Apple, reflected in its most recent filing with the US Securities and Exchange Commission in September 2018. That represented a decline of 1.2 million shares compared to the prior filing.
Source: BI
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