Why Billionaire Warren Buffett Made the Right Play on Apple
Robert R. Johnson
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.
Chang, Ellen, "Why Billionaire Warren Buffett Made the Right Play on Apple" (2017). In the News. 2580.