Now that second big bad tech bet is underwater. He first proved that his original decision to avoid technology stocks was wise with his big bad bet on IBM -- setting him back an estimated $800 million. And 11 months ago, I argued that he was making another bad bet with Apple. While he had made money on his Apple bet as of February 2018, I thought his bigger bet on Apple's future growth would not pay off as well. Typical iPhone consumers are happy to keep using their older versions.

Source: Forbes January 06, 2019 15:00 UTC