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Warren Buffett’s biggest investment coup during his 58 years of leading Berkshire Hathaway is Apple. With Apple’s market value now above $3 trillion, Berkshire Hathaway’s stake in the world’s most valuable company (some 915 million shares) is worth $176 billion, more than five times its cost of $31 billion.  Warren Buffett at Berkshire Hathaway’s annual meeting of shareholders on May 8, 2023 Andrew Bary for Barron’s: How did Buffett do it? He recognized Apple’s strengths and bought the shares inexpensively… While he is known for moving away from a deep-value investment approach—favored by his mentor Benjamin Graham—to growth stocks, he is disciplined in what he pays.   When Buffett was accumulating what has become a nearly 6% stake in Apple from 2016…
The amount available at the end of the day for either Apple or the Irish government from lengthy legal proceedings over the company’s Irish tax affairs lost almost a billion dollars in the last year ahead of the final ruling. If the EU wins, the sum will be handed over to the Irish government; if the EU loses, it will be returned to Apple. The Irish Times: A quick recap: the State set up the escrow account in 2018 to hold €14.3 billion of alleged back taxes and interest that the European Commission ordered it to collect from Apple, even as the State and the iPhone maker appealed the matter before the courts in Luxembourg. Apple and the Government won…
Some €14.3B ($15.5B) has been sitting in an Apple Irish tax escrow account, while we await for a final ruling on whether or not the sum has to be paid. But it’s reported that the fund has lost almost a billion euros (or dollars) since it was established back in 2018. The current value of the fund – which will either be handed over to the Irish government, or returned to Apple – is said to have fallen to €13.4B ($14.6B) … more… The post Apple Irish tax account has lost almost a billion dollars while awaiting a ruling appeared first on 9to5Mac.
Apple security and privacy engineers thwarted Pegasus. It was just one of their successes this year. Fast Company’s Harry McCracken speaks with Apple engineers who are creating innovative ways to protect users from a wide array of threats. Harry McCracken for Fast Company: For years, Apple has made privacy and security one of the iPhone’s principal selling points. But a fraction of users—including dissidents, activists, and journalists—have reason to obsess over it. Governments and others with ill intent have targeted these groups with sophisticated spyware to gain access to messages, location data, and other information that can compromise not just privacy but their physical safety. “These are attackers who are willing to spend untold millions and millions and millions of…
Macworld If you’re looking for an iPhone but don’t want to spend a fortune, the third-gen iPhone SE, Apple’s cheapest current handset, is the phone for you. It features a powerful processor (the A15, which also appeared in the flagship iPhone 13 Pro from 2021) at an affordable price, starting at $429 in the U.S. or £449 in the U.K. For a phone that’s even cheaper, however, you may want to consider the second-gen iPhone SE from 2020. Apple no longer sells this device itself, but other vendors may still sell you one for a bargain price. In this article we round up the best deals and discounts currently available on each iPhone SE model, as well as cheap bundle…
Macworld In any business there are ups and downs. As you’d expect, ups and downs in Apple’s world can be pretty big. (It’s just a theme to pull two mostly unrelated stories together, people. Don’t think about it too hard.) Fortunately for Apple, the down here is actually for another company, but it’s a whopper. “Goldman Is Looking for a Way Out of Its Partnership With Apple” Apple Pay was just another in a long string of Apple products that pundits told us were doomed from the start. This comes after reports that Goldman Sachs has lost billions in the relationship. The Macalope doesn’t know about you, but when he gets into business deals that lose him billions of dollars,…
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