Apple share price hits record high after Warren Buffett's Berkshire hikes stake
Apple share price hit an all-time high on Friday after Warren Buffett`s Berkshire Hathaway Inc disclosed it bought an additional 75 million shares of the iPhone maker in the first three months of the year. Buffett`s increased stake, which was confirmed by a representative of the billionaire investor, pushed Apple`s shares up as much as 4.2 percent to $184.25, taking the company`s market value to about $906 billion
Berkshire Hathaway`s initial investment in Apple was small, suggesting it was made by one of Buffett`s investment deputies. But with the latest stake purchase, it has grown to a massive 240.3 million shares worth $42.5 billion. Image source: Reuters