Apple Shares Hit Record After Buffett Increases Investment
- Stock has best week since 2011 as results calm iPhone concern
- Berkshire chairman calls Apple ‘an unbelievable company’
Buffett Buys 75 Million Apple Shares: CNBC
This article is for subscribers only.
Apple Inc. shares hit a record after Warren Buffett told CNBC he bought an additional 75 million shares of the iPhone maker in the first quarter.
The Apple purchase, costing between $11 billion and $14 billion, adds to the almost 170 million shares that Buffett-run Berkshire Hathaway Inc. owned at the end of 2017, when it was already his biggest shareholding.