The shares of the tech giants fell significantly this year – in some cases by up to 40 percent.
(Photo: Reuters)
Dusseldorf When Apple stock falls, Warren Buffett is always there. The iPhone manufacturer’s titles fell by up to 15 percent in the first quarter. The star investor took the opportunity to buy with his investment company Berkshire Hathaway for 600 million dollars.
“Unfortunately the stock went back up so I quit. Who knows how much we would have bought otherwise,” the 91-year-old told CNBC. Buffett is so confident in Apple that the US company accounts for more than 40 percent of Berkshire’s stock portfolio.
Since Buffett’s purchases and the subsequent interim high, Apple shares have fallen again and were recently down 16 percent for the year. Other tech giants are also under pressure: Shares in Google parent Alphabet have lost almost 20 percent since the beginning of the year, software company Microsoft has lost more than 20 percent, online retailer Amazon has lost 30 percent and Facebook parent Meta has lost 40 percent.
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