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Warren Buffett's Berkshire Hathaway share price hits record as operating profit crosses $10 billion for the first time
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Also Read: Day trading guide for today: Five stocks to buy or sell on Tuesday — August 8 Berkshire Hathaway also posted quarterly net income of $35.9 billion, reflecting unrealized gains on investments such as in iPhone maker Apple Inc. shares, the Reuters report added.
Berkshire owned $177.6 billion of the Apple shares at the end of June and the 17.6% rally in Apple share price during the quarter bolstered the value. Apple stock has jumped around 40% this year so far and touched a market capitalization of $3 trillion this year.
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