The investment will already have been profitable.

Origin: 9 to 5 Mac – The Gates Foundation bought half a million AAPL shares last quarter

The Bill & Melinda Gates Foundation bought 501,044 shares in AAPL during the first quarter of the year, reveals an SEC filing.

The exact gain made would depend on when the shares were purchased, as AAPL dropped 15% in the course of the quarter but then gained 25% in value.

That’s a substantial win even if the shares were bought at their Q1 high, and an even bigger one if they were bought close to the low point.