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Top related persons:
Buffett - 2 Warren Buffett - 1 There's - 1 Kelly Gillette - 1 Tim Cook - 1 — Warren Buffett - 1 Ted Weschler - 1 Todd Combs - 1
Top related locs:
Berkshire Omaha Texas
Top related orgs:
Apple - 2 Treasury Department - 1 U.S - 1 Internal Revenue Service - 1 Armanino LLP - 1 Apple Berkshire - 1 Berkshire - 1 Oracle - 1

Search resuls for: "Apple Berkshire"


3 mentions found


☆ Warren Buffett downsized his Apple stake for tax reasons. Here's what it means
  + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
Warren Buffett surprised many by selling a significant portion of his gigantic Apple stake, and his reason for the sale was even more surprising. Buffett, who trimmed Berkshire Hathaway's Apple holding by 13% in the first quarter after reaping enormous gains, suggested that the sale was for tax reasons. He implied the sale could be a means of avoiding an even higher tax bill down the road if tax rates rise to help plug a ballooning U.S. fiscal deficit. There's no special tax rate for capital gains in a corporation as they become part of the entity's income. Corporate income tax rate The corporate tax rate in the U.S. averaged 32.1% from 1909 to 2024, with a peak of 52.8% in the late 1960s, according to the Internal Revenue Service.
Persons: Warren Buffett, Buffett, There's, Kelly Gillette Organizations: Apple, Treasury Department, U.S, Internal Revenue Service, Armanino LLP, Apple Berkshire, Berkshire Locations: Berkshire, Omaha, Texas
☆ 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
☆ Warren Buffett's first big semiconductor investment in his career is also a bet on Apple's future
  + stars: | 2022-11-19 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
The disclosure sparked a big rally in the stock as Buffett made Taiwan Semi Berkshire's 10th biggest holding at the end of September. Taiwan Semi is the biggest chip producer in the world by revenue, with clients like Nvidia and Qualcomm. By betting on Taiwan Semi, Buffett is essentially backing the Apple ecosystem and iPhone demand in coming years, he said. It's about 25% of their revenue... when you are betting on TS, you are really betting on Apple." 'Moat' Taiwan Semi has a unique quality that Buffett always looks for – and that is a competitive edge or the so-called wide moat.
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