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Top related persons:
Tim Cook - 2 Buffett - 2 Apple's - 2 — Warren Buffett - 1 Ted Weschler - 1 Todd Combs - 1 Ben Graham - 1 Cook - 1
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Search resuls for: "Apple's repurchases"


2 mentions found


☆ Behind Warren Buffett's $100 billion-plus bet on Apple and the iPhone
  + stars: | 2023-09-17 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
The new iPhone 15 is about to hit the stores, and Apple CEO Tim Cook might have already sent one to his most important investor — Warren Buffett. He bought Apple shares after realizing how devoted people are to its phones, and its unique ability to keep consumers spending within the Apple ecosystem. His return has been well over $100 billion on paper, making Apple Buffett's best investment over the past decade. "Our railroad is a very good business, but it's not remotely as good as Apple's business," Buffett said at the Berkshire shareholder meeting in May . The billionaire investor has called Apple Berkshire's "third-largest business," after its insurance and railroad holdings.
Persons: Tim Cook, — Warren Buffett, Buffett, Ted Weschler, Todd Combs, Ben Graham, Cook, buybacks Buffett, repurchases, Apple's Organizations: Apple, Oracle, New, Wall, CNBC Locations: Berkshire, Omaha
☆ Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth
  + stars: | 2023-08-11 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +2 min
Apple has spent over $500 billion on stock buybacks since 2012, a Markets Insider analysis shows. Warren Buffett has welcomed Apple's buybacks as they've boosted his ownership at no cost to him. It splurged $90 billion on buybacks in its last financial year, and has repurchased $56 billion worth of its shares in the last nine months alone. His Berkshire Hathaway empire owns nearly 6% of Apple, and the position accounts for almost half of its roughly $350 billion stock portfolio. "Much of what the company retained was used to repurchase Apple shares, an act we applaud," Buffett wrote in his 2021 letter to shareholders.
Persons: Apple, Warren Buffett, Apple's buybacks, Charlie Bilello, Bilello, Apple's repurchases, Buffett, Tim Cook, Apple's Organizations: Service, Visa, JPMorgan, Exxon Mobil, Apple, Citigroup, Berkshire Hathaway Locations: Wall, Silicon, buybacks, Berkshire
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