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Berkshire Hathaway bought 75 million additional Apple shares in the first three months of the year, Chief Executive Officer Warren Buffett told CNBC on Thursday, 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 companies associated with the technology sector.
Berkshire'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 solid 240.3 million shares worth $42.5 billion. "If you look at Apple, I think it earns almost twice
