Surprise! Warren Buffett's company Berkshire Hathaway owned 9.81 million shares in Apple as of the end of 2016's first quarter, according to regulatory documents filed Monday. Those shares were worth about $1.07 billion as of March 31.
The disclosure comes less than a month after Apple reported its first-ever drop in iPhone sales, a period that's seen a sharp dropoff in the price of the company's shares. Meanwhile, activist investor Carl Icahn has dumped his stake in Apple, citing worries about the Chinese market.
Buffett, a legendary investor who has generally avoided technology stocks, reportedly is also considering teaming up to make a bid for shares of troubled Internet company Yahoo.
Apple didn't immediately respond to a request for comment.