Apple: Warren Buffet’s Berkshire Takes a $1 Billion Bite

Reuters: Warren Buffett’s Berkshire Hathaway revealed a more than $1 billion stake in Apple in a rare foray into the technology sector, which Buffett has largely shunned. The investment was announced amid an increasing view among investors that Apple may deserve a lower valuation because its heady growth days may be over. However, Apple has a strong balance sheet and management. “It’s a consumer company disguised as a technology company.”