Buffett loads up on Apple, Berkshire increases stake to $46.6bn – The Wall Street Journal

JOHANNESBURG — Warren Buffett, the oracle of Omaha, famously avoided the tech sector during the boom times. But since those days there's one player that catches his eye, because 'they make a consumer product he understands'. It's Apple and the iPhone. And on the back of this Berkshire has upped its stake in the company to $46.6bn at the end of the second quarter, now the second largest shareholder behind the Vanguard Group with 4.96% of Apple stock. The technology giant won the US companies race being the first to touch the trillion dollar market cap level, and with Buffett's backing, one wonders how long shareholders will have to wait for the next trillion. – Stuart Lowman

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