Warren Buffett, the investor most respected Wall Street is beginning to see opportunities in technology companies. The conglomerate Berkshire Hathaway just took positions in the capital of Apple and acknowledged owning a large block of shares.
In addition, the financial vehicle used to make investments strengthened its participation in IBM and offered to support the supply of Dan Gilbert, one of the pretenders to buy Yahoo.
The Oracle of Omaha reported Monday securities regulator that controlled end of the first quarter of 9.8 million Apple shares, worth about 1,070 million dollars (944 million euros at current exchange rates). The purchase of shares was made before the phone manufacturer iPhone and Mac computers present its latest findings, the first in 13 years that reduced profits and income.
Apple lost 15% of its value this year. the exact time when Warren Buffett took positions is not known, but is estimated at $ 109 bought the share (euros 90 per share). Friday closed at 90.5 dollars (about 80 euros), so that participation now around 900 million dollars. The announcement also contrasts with the activist Carl Icahn's decision to withdraw completely from the capital of the firm Cupertino.
The first investment of Berkshire Hathaway at Apple is known to coincide with the visit of Tim Cook, the CEO, to China. It is a key to growth in the medium term but also its great vulnerability, as relieved fall of 26% in sales suffered in the region at the start of 2015. Market also lowered global demand for the iPhone, its star product.