Warren Buffett discloses huge $1.1bn stake in Apple

Warren Buffett’s Berkshire Hathaway has disclosed a stake in Apple, betting that the technology company will rebound after a slump driven by a slowdown in iPhone sales.

Berkshire held 9.81m shares as of the end of March, a regulatory filing from the billionaire’s Omaha, Nebraska-based company showed.

The holding was valued at $1.07bn at the end of the first quarter.