Earlier this month, Warren Buffett’s Berkshire Hathaway made headlines for increasing its holdings in AAPL yet again, this time at the cost of IBM. In an interview with CNBC this morning, Buffett gave some reasoning for his firm’s strong belief in Apple, and confirmed that, yes, he still does use a flip phone…
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Warren Buffett isn’t shaken by Apple’s iPhone numbers from last quarter. Despite a slight dip in sales year-over-year, the billionaire investor says he believes $AAPL is priced appropriately to buy now and there are ‘a lot of people waiting’ to buy the next iPhone. Buffett’s company added 40 million AAPL shares recently and has more than a $7 billion stake in the company.