Warren Buffett's bet on Apple gains $1 billion in a single day (AAPL)
Warren Buffett's bet on Apple gained $1 billion on Wednesday.
Buffett's Berkshire Hathaway owns about 135 million shares of Apple. Apple released its third quarter earnings report after the bell on Tuesday and beat Wall Street's expectations. Shares of the company rose 5.11% on Wednesday following the strong report to $157.72.
Multiplying Berkshire Hathaway's 135 million shares by the $7.67 rise in Apple's stock price nets the holding company $1,035,319,579; more than $1 billion in a single day
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