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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’
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Buffett Buys 75 Million Apple Shares: CNBC

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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.