An Apple store is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson
Warren Buffett's Berkshire Hathaway Inc revealed a more than US$1bil (RM4.01bil) stake in Apple Inc in a rare foray into the technology sector, which Buffett has largely shunned apart from a poorly performing investment in IBM.
Shares of Apple rose 3.7% on the news, closing up US$3.36 (RM13.48) at US$93.88 (RM376.64). Berkshire made its investment in the first quarter, before the iPhone maker in April reported its first quarterly revenue decline in 13 years.
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