Apple shares hit all time high on Buffet report; company moves closer to a one trillion dollar value

Apple shares hit all time high on Buffet report; company moves closer to a one trillion dollar value
Thanks to an SEC filing indicating that Warren Buffet's investment vehicle purchased 75 million shares of Apple last quarter, the stock hit an all-time high today. The company, which Wall Street was in a "full panic mode" over, has soared 13% in a week (see the chart at the top of this story) and traded today as high as $184.25. The total value of the 240.3 million shares of Apple owned by Buffet rose today alone by $1.4 billion. Yikes! Consider that this rally came about simply because of the news that Buffet added to his holdings.

Earlier this week, Apple reported its fiscal Q2 earnings and that report kicked off this week's rally. While the number of iPhone units rung up came in a tad below the Wall Street consensus, service revenue and sales in China both were healthy, and CEO Tim Cook said that the iPhone X has been the company's top selling handset every week since its launch last November. Analysts spent the next day erasing previous forecasts while hiking their estimates of future iPhone sales. Buffet, at his firm's annual shareholders meeting today, said obsessing over iPhone X sales "totally misses the point" on the stock.

While Cook said that Apple is "thrilled" to have Buffet as an investor, some analysts think that the Oracle of Omaha will significantly add to his Apple holdings. The investor has a net worth currently valued at $82.9 billion, and Apple makes up 25% of his portfolio according to a Wall Street analyst.


With the surge in Apple's shares, the company takes a huge step forward in the battle to become the first publicly traded outfit to be valued at $1 trillion. Yes, that little baby born on April 1st, 1976 is now valued at more than $931 billion. Amazon, which many thought could beat out Apple to be the first trillion dollar public company, currently is worth close to $765 billion.

source: CNBC

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43 Comments

1. Ninetysix

Posts: 2946; Member since: Oct 08, 2012

Uh oh Finalflash. I'm hoping he doesn't read this one. I want him to have a good weekend.

2. iPhoneFanboy

Posts: 286; Member since: Apr 21, 2018

Or the newly released info that the iPhone X is the worlds #1 selling smartphone in Q1 of 2018. iPhone X - 16 million iPhone 8 - 12.5 million iPhone 8+ - 8.3 million iPhone 7 - 5.6 million Xiaomi Redmi 5A - 5.4 million Samsung Galaxy S9+ - 5.3 million. Was waa waa waaaaaaaa.

7. sissy246

Posts: 7035; Member since: Mar 04, 2015

You and iPA need to post the fact that s9+ was out one month and iPhone was out the full 3 months. I am not saying the iPhone still wouldn't have sold more, just saying the s9+ didn't have the full 3 months. So at least tell all the facts.

9. NateDiaz

Posts: 1084; Member since: Mar 03, 2018

lmao stfu even iPhone 7 sells more than S9.

11. sissy246

Posts: 7035; Member since: Mar 04, 2015

Never said it didn't. Just saying post facts.

13. NateDiaz

Posts: 1084; Member since: Mar 03, 2018

Alright, fact is S9 was out for 2 weeks only but.. iPhone 7 made the list that's year and half old, where's S8 that's only a year old?

14. kiko007

Posts: 7493; Member since: Feb 17, 2016

You realize that was he said is indeed factual... right?

16. ShadowSnypa786

Posts: 527; Member since: Jan 06, 2017

How dare you tell someone to stfu? Did they insult you? Nope So why you so butthurt for their explanation.

18. NateDiaz

Posts: 1084; Member since: Mar 03, 2018

How dare I? stfu

34. worldpeace

Posts: 3106; Member since: Apr 15, 2016

S9+ is out for 2 weeks during Q1

42. iPhoneFanboy

Posts: 286; Member since: Apr 21, 2018

The 6 and 6+ sold 10,000,000 devices in 3 days lmfao. Your point?

43. kartik.07

Posts: 73; Member since: May 04, 2015

But it was the launch month for s9, at which time the phones sell most and in case of iphone x it was second quater that to after the holiday season quater (almost everyone buy phone at that time) and in iphone 7 case it’s more then 1.5 year old now

6. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Lol, don't worry too much buddy. I don't get boners over financial news like you and your iFan buddies. I don't benefit from anyone getting any richer (like Apple and their investors) or anyone getting any poorer (like iFans).

8. sissy246

Posts: 7035; Member since: Mar 04, 2015

Exactly I don't get why any of you even care. It's so f**king funny that the isheep care what a company makes when you are not getting a penny of it, LMAO It's funny how you all went into handing on the article about Timmy boy backing out of replacing the batteries on the iPhones.

10. apple-rulz

Posts: 1943; Member since: Dec 27, 2016

What’s “went into handing”?

12. sissy246

Posts: 7035; Member since: Mar 04, 2015

You know I meant HIDING, phone changed it.

15. NateDiaz

Posts: 1084; Member since: Mar 03, 2018

Change that phone bruh get an iPhone.

17. ShadowSnypa786

Posts: 527; Member since: Jan 06, 2017

Iphone has some of the worst auto correction ever :D

20. sissy246

Posts: 7035; Member since: Mar 04, 2015

I'm not a bruh DA Why would I , I got the best phone out and no it's NOT a iPhone. BRUH

22. NateDiaz

Posts: 1084; Member since: Mar 03, 2018

How would I know if you're a bruh or a trans, just assumed it

26. whatev

Posts: 2155; Member since: Oct 28, 2015

Omg, I’m cryyinnng, LMAOOO

30. apple-rulz

Posts: 1943; Member since: Dec 27, 2016

Your phone needs a new keyboard.

3. Mr.Pussy

Posts: 348; Member since: Feb 16, 2017

I have 10 billions dollars I be buying it too. Good luck Mr. Buffet.

4. Plasticsh1t

Posts: 3094; Member since: Sep 01, 2014

This is absolutely amazing. What kind of magic do they possess?

5. Foxgabanna

Posts: 582; Member since: Sep 11, 2016

Samsung just can’t compete. And it shows.

19. ShadowSnypa786

Posts: 527; Member since: Jan 06, 2017

Dont matter since sammy and others get paid some of that money for certain components ;)

21. Plasticsh1t

Posts: 3094; Member since: Sep 01, 2014

No other company could compete. Apple is above and beyond.

33. darkkjedii

Posts: 30902; Member since: Feb 05, 2011

Samsung has an ATM card to Apple’s account. Remember that.

36. Mr.Pussy

Posts: 348; Member since: Feb 16, 2017

No they don't have billionaires help buying their stocks. This is why Apple is standing so high. Samsung is not that bad either for who they are. They are still world largest company in the world I believed. It's not easy to take Samsung down anytime.

39. Leo_MC

Posts: 6935; Member since: Dec 02, 2011

This article just said that Apple is the "world largest company in the world", not Samsung... Not that it matters to us, users, but why do you feel the need to deviate from the facts?

* Some comments have been hidden, because they don't meet the discussions rules.

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