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Why Billionaire Warren Buffett Made the Right Play on Apple

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While billionaire investor Warren Buffett has always tended to stay away from investing in tech companies, he made his first foray into Apple (AAPL - Get Report) last year and the company's fourth-quarter earnings beat forecasts and proved the largest shareholder of Berkshire Hathaway (BRK.A - Get Report) right.

Apple reported earnings of $2.07 per share, which topped forecasts of $1.87 and the company's revenue of $52.58 billion exceeded the forecast of $50.69 billion.