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Warren Buffet Makes $120bn From Apple’s Stock Stint

Warren Buffet Makes $120bn From Apple's Stock Stint
CEO of Berkshire Hathaway, Warren Buffett’s 5 percent stake in Apple, which was bought for $36 billion in 2016, is now worth $160 billion.

Gatekeepers News reports that Buffett has gained over $120bn after Apple marked a new milestone of becoming the first U.S. company to reach a market value of $3 trillion.

The average annual dividend from Apple is around $775 million, CNBC reported.

On the development, James Shanahan, Berkshire analyst at Edward Jones, called it “one of the strongest investments that Berkshire has made in the last decade”.

Buffett had earlier in February 2021, told CNBC he considered Apple “as our third business and don’t think of it as a stock”.

The 5 percent stake also comprises over 40 percent of Berkshire Hathaway’s equity portfolio, as per calculations. Berkshire is now Apple’s largest shareholder besides index and exchange-traded fund providers, it said.

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