May 5: Warren Buffett's Berkshire Hathaway hosts annual shareholders meeting


Investors who do so may be totally missing the point, as Apple boasts a "wide, wide gap" against its peers, said Buffett, 87. The report for the first quarter is scheduled for release on Saturday morning, just before Berkshire's annual shareholder meeting in its Omaha, Nebraska, hometown.

It's being reported that Berkshire Hathaway Inc had grabbed another 75 million Apple Inc shares in Q1.

Apple is expected to be holding the No. 1 position in the stock portfolio of Berkshire as per the reports which were revealed by Buffett about the latest list of top 10 stock holdings. Up to Thursday's close, Apple stock had risen more than 5 percent since Berkshire disclosed on February 14 that it had raised its stake in the Cupertino, California-based company. Apple sold 52.2 million iPhone units in the Jan-Mar quarter, up 3% year over year.

Apple also announced a 16% increase of its cash dividend to 73 cents per share, up from 63 cents per share.

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The fact that the warrant came from a Mueller tip appeared to infuriate Trump, who called the raid "an attack on our country". He said Trump did not know the specifics of the payment, but was generally aware of the arrangement.

Buffett has praised Apple Chief Executive Tim Cook and suggested he views Apple more as a consumer company, despite its Silicon Valley pedigree. The rally came even as iPhone sales fell slightly short of Wall Street's expectations. Retailers and most other groups of stocks also were higher.

The stake in Apple, which Berkshire began building in early 2016 with a $1 billion investment, a decision that at the time was driven by one of the money managers Buffett hired to manage the stock side of Berkshire's investments. "[IPhone] is a very sticky product".

Billionaire investor Warren Buffett's big bet on Apple now appears to be the whole lot bigger.