Deals
Buffett Says Apple Stake Boosted to More Than $18 Billion
- Apple has ‘quite a sticky product,’ Buffett tells CNBC
- Berkshire chairman praises Apple CEO on capital deployment
Buffett Renews Criticism of Hedge Funds in Annual Letter
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Berkshire Hathaway Inc. increased its stake in iPhone maker Apple Inc. to about 133 million shares, Chairman Warren Buffett told CNBC.
That’s more than twice as much as Berkshire held as of Dec. 31, the billionaire told the cable network in an interview Monday. The stake is valued at more than $18 billion, based on Friday’s closing price of $136.66.