Buffet's Berkshire increases stake in Apple by 55%
Billionaire Warren Buffet's Omaha-based firm Berkshire Hathway has increased its stake in Apple by 55% to 15.2 million shares during the second quarter, according to a regulatory filing on Monday. This investment was valued at $1.46 billion as of June 30. Apple's shares fell in the second quarter owing to decline in iPhone sales which prompted the purchase of shares.