Apple stock is down 12% YTD–and Warren Buffett pounced in Q1, buying $1 billion in shares

Berkshire Hathaway Inc., Buffett’s investment company, bought 9.81 million Apple shares last quarter. Apple’s stock has been trending downward since last summer.

As of March 31, the date of a Berkshire regulatory filing describing the purchase, the shares were worth $1.07 billion. 

Investors have questioned Apple’s ability to launch new hit products and generate revenue from services in recent months. Apple shares are currently trading in the low $90-range, after starting the year at $104.15.

AH