Buffett buys another 75 million Apple shares, bumps stock price to record high


Legendary value investor Warren Buffett is bullish about Apple, telling CNBC his firm bought another 75 million Apple shares in the most recent quarter, officially becoming the company’s third-largest shareholder.

Berkshire Hathaway now owns an estimated 240.3 million Apple Inc. shares, currently worth about $42.5 billion. Apple stock jumped 3.9 percent on the news, rallying the Dow Jones Industrial Average.

In an interview that aired Friday, Buffett, 87, said he was long on Apple, and not concerned…

Previous In the money May 7: $55 million raised by startups to make beer, recycle magnets & develop apps
Next Bank of America being sued for discrimination by DACA recipient