Big­ger bite of Ap­ple

Financial Mail - - MARKET WATCH -

Berk­shire Hath­away bought 75m ad­di­tional Ap­ple Inc shares in the first three months of the year, CEO War­ren Buf­fett told CNBC last week, ag­gres­sively ramp­ing up its bets on the iphone maker. Buf­fett’s Ap­ple com­mit­ment over the past two years has sur­prised many, given his his­tor­i­cal aver­sion to tech com­pa­nies. Berk­shire’s ini­tial in­vest­ment in Ap­ple was small, sug­gest­ing it was made by one of Buf­fett’s deputies, but with the lat­est pur­chase it has grown to a solid 240.3m shares worth $42.5bn.

“If you look at Ap­ple, I think it earns al­most twice as much as the sec­ond-most prof­itable com­pany in the US,” Buf­fett told CNBC.

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