Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. "We would love to see Apple go down in price," Buffett said. Berkshire is now Apple's third largest shareholder, behind Vanguard Group and BlackRock Inc."I'm delighted to see them repurchasing shares," Buffett said, just two days after he revealed having bought 75 million additional Apple shares, and four days after Apple said it may repurchase $100 billion of stock. Shortly before the meeting, Berkshire ended its more than year-long stretch of falling operating profit, while a new accounting rule caused the conglomerate chaired by Warren Buffett to suffer an overall net loss. Outside the convention center, Berkshire shareholders lined up for prime seats in the middle of the night.

Source: dna May 05, 2018 23:15 UTC