War­ren Buf­fett buys more Ap­ple, says iPhone is ‘enor­mously un­der­priced’

The Niagara Falls Review - - Business -

The Or­a­cle of Omaha is adding to his al­ready large stake in Ap­ple Inc. War­ren Buf­fett, 88, likes the tech­nol­ogy gi­ant be­cause of its de­voted cus­tomers, and has built up his stake in the com­pany by “just a lit­tle” since his last reg­u­la­tory fil­ing, he said Thurs­day in an in­ter­view with CNBC. For cus­tomers, “the iPhone is enor­mously un­der­priced” com­pared with the util­ity it of­fers, he said. Berk­shire has been pil­ing more money into Ap­ple, in­creas­ing that stake to 252 mil­lion shares as of June 30.

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