Warren Buffett has weighed into the debate over how Apple should use its $137bn of reserves saying that the technology giant “may have too much cash”.
The comments from the Berkshire Hathaway chief executive came as Apple's stock plumbed 52-week lows yesterday at the same time as Google's hit an all-time high.
As Wall Street grapples with the rapid shifts in the smartphone market, Apple's valuation dipped below $400bn for the first time in more than a year during intraday trading.
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