Re:iPhone 7
by flak on Wednesday September 07, 2016 @09:14PM
(#12449463)
Warren Buffett didn't make the decision to make those AAPL share purchases, 2 of his lieutenants did. They have autonomy in managing $9B (or maybe it was a combined $18B? ) portion of Berkshire Hathaway's investment.
My boss said something today concerning Apple that is relevant to this. After hearing Warren Buffet bought a bunch of APPL.
"Apple isn't a technology company anymore, they're consumer goods, so that's an understandable choice."