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Would love to see Apple Inc go down in price: Billionaire Warren Buffett

Buffett sees Apple more as a consumer stock than a tech stock


Billionaire Warren Buffett has said he would love to see Apple Inc shares decline in price so he could buy more. He is getting his wish. Apple's warning on Wednesday about weak iPhone demand in the holiday quarter due to slower sales in China sent its stock down 7.5 per cent during after-hours trading. Class B shares of Buffett's Berkshire Hathaway Inc traded down 2 per cent in the same session on Wall Street. Buffett, the folksy Nebraska investor known more for buying railroads, energy firms and classic American corporate brands than for his acumen picking tech stocks, ...

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First Published: Thu, January 03 2019. 08:30 IST