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Berkshire's Apple bet suggests faith in products

The iPhone 7 or new product categories such as autonomous driving may re-ignite Apple's revenue growth

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Berkshire invested US$1.1 billion in Apple, even though Mr Buffett typically avoids tech investments

San Francisco

GIVEN all the pessimism about Apple Inc these days, one might wonder why Warren Buffett's Berkshire Hathaway Inc is betting US$1.1 billion on the company. But if sentiment on Wall Street is any guide, the Oracle of Omaha and his lieutenants have made a prescient play.