Subject: Re: Apple today
checking your math...

Shares Owned 789,368,450 $207.15 closing price


Total Outstanding 15,847,050,000


Market Cap = $3.176B or so

Not sure what that last line is referring to.

Apple shares were up $14.02 today.
Berkshire owns 789,368,450 shares of Apple at last report, so Berkshire's stake had increased $11.07b in value, at close, according to Mr Market.

For all of Apple, Apple's Q1 report said there were 15.41b outstanding, or 15.46b diluted shares. I'm not sure where Jim's $15.33b number or your 15,847,050,000 number comes from - do we have any news since March 31st?

If the number is 15.4b (although it may well be a little less, with Apple buying back so many of its own shares), that would mean Apple's market value increased by $215.9b today, which makes sense, as Berkshire owns about 5% of Apple. If you include the extra 50c in share appreciation after hours (although it is 0.33 as I type), that would be another $375m in Berkshire's stake, and another $7.5b for Apple's value overall.

Heady stuff. It looks like our concerns about Apple's valuation are not shared by Mr Market.

dtb