Tuesday, 17 May 2016 03:37

Berkshire’s Buffett buys up big: $1b worth of Apple shares


Billionaire Carl Icahn may have cashed out of his Apple shares, but the world's wealthiest investor Berkshire Hathaway’s Warren Buffett knows you need to buy low and sell high.

There’s been plenty of Apple ‘doom and gloom’ stories of late, where journalists extrapolate how Apple will perform based on a single quarter in which iPhone sales and revenue dropped.

It has also led some of Apple’s investors to bail on the company, factors which have conspired to keep Apple’s share price lower.

Apple stock is currently down about 30% off its 52-week high.

But now comes the news that legendary investor, Warren Buffet, who has traditionally avoided tech stocks because of an admitted lack of understanding, has invested nearly $1 billion into buying Apple’s share price when it is low.

More below, please read on. 

Already, ’initial trading’ reports from Market Watch suggest that Apple’s stock price ‘surged’ more than 4% on the news that Buffett had bought nearly 10 million AAPL shares, which is where it is at the time of writing.

However, whether Apple will continue to rise on the back of Buffett entering the fray, or not, is yet to be seen.

Until then, one billionaire’s trash is another even richer billionaire’s treasure!

WEBINAR event: IT Alerting Best Practices 27 MAY 2PM AEST

LogicMonitor, the cloud-based IT infrastructure monitoring and intelligence platform, is hosting an online event at 2PM on May 27th aimed at educating IT administrators, managers and leaders about IT and network alerts.

This free webinar will share best practices for setting network alerts, negating alert fatigue, optimising an alerting strategy and proactive monitoring.

The event will start at 2pm AEST. Topics will include:

- Setting alert routing and thresholds

- Avoiding alert and email overload

- Learning from missed alerts

- Managing downtime effectively

The webinar will run for approximately one hour. Recordings will be made available to anyone who registers but cannot make the live event.



Security requirements such as confidentiality, integrity and authentication have become mandatory in most industries.

Data encryption methods previously used only by military and intelligence services have become common practice in all data transfer networks across all platforms, in all industries where information is sensitive and vital (financial and government institutions, critical infrastructure, data centres, and service providers).

Get the full details on Layer-1 encryption solutions straight from PacketLight’s optical networks experts.

This white paper titled, “When 1% of the Light Equals 100% of the Information” is a must read for anyone within the fiber optics, cybersecurity or related industry sectors.

To access click Download here.


Alex Zaharov-Reutt

One of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.



Recent Comments