巴菲特10億美元買入蘋果股票
Warren Buffett has taken a $1bn-plus stake in Apple, just four years after admitting he did not know how to value technology companies like the iPhone maker.
沃倫•巴菲特(Warren Buffett)斥資逾10億美元買進蘋果公司(Apple)的股份，而4年前他承認自己不知道如何評估諸如這家iPhone製造商等科技公司的價值。
Disclosure of the rare tech bet by the renowned value investor follows a one-third slump in Apple’s shares since last summer, and underlines Wall Street’s worries that the world’s most valuable company is facing a low-growth future.
這位著名的價值型投資者對科技股作出罕見投資之舉披露之際，蘋果股價自去年夏天以來下跌了三分之一，突顯華爾街對全球市值最高公司面臨低增長未來的擔憂。
Shares in Apple jumped 3.5 per cent to $93.67 early yesterday afternoon after Berkshire Hathaway, Mr Buffett’s holding group, divulged it had bought 9.81m shares in a regulatory filing.
在巴菲特的控股集團伯克希爾哈撒韋公司(Berkshire Hathaway)在一份監管申報文件中披露其買進了981萬股後，昨日午後蘋果股價上漲3.5%，至93.65美元/股。
Mr Buffett, a fan of inexpensive stocks with predictable cash flows, has long eschewed tech company investments out of concern that even the industry’s leaders could be undermined by fast-changing tech markets.
巴菲特熱衷於購入具有可預測現金流且估值不高的股票，長久以來他一直避免投資科技公司，擔心即使該行業的領頭羊也可能被快速變化的科技市場動搖。
“It signals a change in the kind of company Apple is,” said Gene Munster at Piper Jaffray, long one of the most bullish analysts on the company. “There are new investors — it used to be growth and high-risk investors, now it’s more value and return on capital.”
“這標誌着蘋果已經變成另一類公司，”長久以來一直最看漲蘋果的分析師之一、Piper Jaffray的基尼•蒙斯特(Gene Munster)稱，“現在有了新的投資者——以往是增長型和高風險投資者，如今有更多價值型和注重資本回報的投資者。”
Mr Buffett broke with past practice in 2011 with a move into IBM, now one of his biggest holdings. Berkshire said yesterday that it had slightly lifted its IBM stake to 81.2m shares, worth $12.3bn.
2011年，巴菲特打破了傳統操作模式，買進IBM股票，後者如今是他最大的持股之一。伯克希爾昨日表示，已經小幅增持IBM股份至8120萬股，總值123億美元。
In 2012, Mr Buffett was asked why he had invested in IBM and not Apple. He replied: “The chances of being way wrong in IBM are probably less, at least for us, than the chances of being way wrong in Google or Apple . . . I just don’t know how to value them.”
2012年，巴菲特曾被問及他爲何投資IBM、而非蘋果。他回答稱：“至少對我們來說，買錯IBM的可能性很可能小於買錯谷歌(Google)或蘋果的可能性……我就是不知道如何對它們進行估值。”
