May 4, 2018 / 3:06 AM / 21 days ago

Buffett's Berkshire Hathaway bought 75 mln more Apple shares in Q1- CNBC

May 3 (Reuters) - Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first quarter, CEO Warren Buffett told CNBC on Thursday.

"If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States." CNBC quoted Buffett as saying cnb.cx/2HLPdIp.

Berkshire said in February its Apple stake grew by about 23 percent since the end of September to roughly 165.3 million shares worth $28 billion.

Berkshire Hathaway was not immediately available for comment. Apple did not immediately respond to a Reuters request for comment. (Reporting by Philip George in Bengaluru; Editing by Amrutha Gayathri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below