Berkshire Hathaway bought 75 million additional Apple shares in the first three months of 2018, CEO Warren Buffett told CNBC on Thursday, signaling the billionaire investor's continuing confidence in Apple.

In February last year, Buffett revealed that his holding company held around 133 million shares in Apple prior to the company's record-breaking earnings results on January 31, 2017, worth over $17 billion at the time. Today it holds 240.3 million shares worth $42.5 billion.

warren buffett

"If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States," Buffett told CNBC.

Historically, Buffett has shied away from investing in technology companies, but the business magnate has suggested he sees Apple more as a consumer company. Reuters reports that Berkshire's latest Apple investment serves as a way of reducing the corporate group's $116 billion in cash and equivalents, without having to acquire a whole company.

Apple posted revenue of $61.1 billion and net quarterly profit of $13.8 billion in the first quarter of the year, up from revenue of $52.9 billion and net quarterly profit of $11.0 billion in the year-ago quarter. Apple said it will start a new share buyback authorization of $100 billion following the record revenue and profit numbers.

Top Rated Comments

Constable Odo Avatar
99 months ago
It's really odd how some old guy like Warren Buffett understands how Apple is being run and he's not even into tech. I know he was saying that he's not buying Apple stock just for quarterly iPhone sales. He's looking at a longer term picture. Yet, there's always these analysts and investors fretting and crying over how many iPhones are being sold and consider it some sort of financial disaster if Apple comes up a million short in a single quarter. Shouldn't most companies be judged by product sales for a full year and not just quarter to quarter.

I realize Apple might not perform like the FANG stocks do when it comes to share gains. Apple doesn't appear to have any double-digit growth in revenue. Maybe those times are gone forever. Still, there's no reason for analysts to be telling people to dump Apple stock and buy FANG stocks. Saying something like that is so stupid. Apple gives out pretty decent dividends. Most companies don't have double-digit revenue growth so it's like analysts are telling investors not to invest in companies that can't provide double-digit revenue growth and that's most of the companies on the planet.

For the most part, Buffett seems like a rather smart and conservative investor who buys stock based on a company's fundamentals instead of just quarterly sales. He seems like he's into Apple for the long haul and I hope he is. It will be interesting to see if Apple is able to outlast any of the FANG stocks that Wall Street constantly praises.
Score: 3 Votes (Like | Disagree)
adamjackson Avatar
99 months ago
Lol and at the peak, Carl Icahn held 3 million shares, right? Goes to show how different these investors are. Berkshire buys 75 million, doesn't tell Apple how to run the show. Icahn holds 3 million and every week spouts off about how badly Apple is being operated.
Score: 2 Votes (Like | Disagree)
Nunyabinez Avatar
99 months ago
Lol and at the peak, Carl Icahn held 3 million shares, right? Goes to show how different these investors are. Berkshire buys 75 million, doesn't tell Apple how to run the show. Icahn holds 3 million and every week spouts off about how badly Apple is being operated.
That has been the secret to Buffet’s success. He buys companies that are doing awesome and then lets the people who got them there keep running them.

If a company needed help making decsisons, Buffet wouldn’t take a second look at them.
Score: 1 Votes (Like | Disagree)
Solomani Avatar
99 months ago
Dear Mister Buffet, Your Awesomeness, Pre-eminent Duke of Apple:

Please bring back the Mac Pro. Please tell your company (AAPL) that they cannot keep ignoring those beautiful Macs. Please tell your company to make Siri a lot better, and more competitive. We gave up on Cook, but maybe you could Make Apple Great Again, sir! Thank you for listening. :p

Score: 1 Votes (Like | Disagree)
kingalexthe1st Avatar
99 months ago
It's really odd how some old guy like Warren Buffett understands how Apple is being run and he's not even into tech. I know he was saying that he's not buying Apple stock just for quarterly iPhone sales. He's looking at a longer term picture. Yet, there's always these analysts and investors fretting and crying over how many iPhones are being sold and consider it some sort of financial disaster if Apple comes up a million short in a single quarter. Shouldn't most companies be judged by product sales for a full year and not just quarter to quarter.

I realize Apple might not perform like the FANG stocks do when it comes to share gains. Apple doesn't appear to have any double-digit growth in revenue. Maybe those times are gone forever. Still, there's no reason for analysts to be telling people to dump Apple stock and buy FANG stocks. Saying something like that is so stupid. Apple gives out pretty decent dividends. Most companies don't have double-digit revenue growth so it's like analysts are telling investors not to invest in companies that can't provide double-digit revenue growth and that's most of the companies on the planet.

For the most part, Buffett seems like a rather smart and conservative investor who buys stock based on a company's fundamentals instead of just quarterly sales. He seems like he's into Apple for the long haul and I hope he is. It will be interesting to see if Apple is able to outlast any of the FANG stocks that Wall Street constantly praises.
Well said. Apple's P/E ratio is wonderfully low, and the fact it posts gains as it does for a $920 billion company is extraordinary. I think it's undervalued, and the only reason I'm not buying AAPL is because I'm already exposed to the tech sector and don't want to indulge.
Score: 1 Votes (Like | Disagree)
IJ Reilly Avatar
99 months ago
Hmm, when these real professional type investors get involved it’s generally detrimental to ordinary shareholders - they’d much rather the stock cycled between $150 and $180 so they can buy and sell for a profit than it just keep going up...
This has never been Buffett's style. He's been a buy and hold "value" investor for decades, this is how he made his reputation and his billions. Now, suddenly he's a pumper and dumper? No, probably not.
Score: 1 Votes (Like | Disagree)

Popular Stories

Foldable iPhone 2023 Feature 1

Apple to Make More Foldable iPhones Than Expected [Updated]

Tuesday December 9, 2025 9:59 am PST by
Apple has ordered 22 million OLED panels from Samsung Display for the first foldable iPhone, signaling a significantly larger production target than the display industry had previously anticipated, ET News reports. In the now-seemingly deleted report, ET News claimed that Samsung plans to mass-produce 11 million inward-folding OLED displays for Apple next year, as well as 11 million...
Google maps feaure

Google Maps Quietly Added This Long-Overdue Feature for Drivers

Wednesday December 10, 2025 2:52 am PST by
Google Maps on iOS quietly gained a new feature recently that automatically recognizes where you've parked your vehicle and saves the location for you. Announced on LinkedIn by Rio Akasaka, Google Maps' senior product manager, the new feature auto-detects your parked location even if you don't use the parking pin function, saves it for up to 48 hours, and then automatically removes it once...
iOS 26

15 New Things Your iPhone Can Do in iOS 26.2

Friday December 5, 2025 9:40 am PST by
Apple is about to release iOS 26.2, the second major point update for iPhones since iOS 26 was rolled out in September, and there are at least 15 notable changes and improvements worth checking out. We've rounded them up below. Apple is expected to roll out iOS 26.2 to compatible devices sometime between December 8 and December 16. When the update drops, you can check Apple's servers for the ...
iPhone 14 Pro Dynamic Island

iPhone 18 Pro Leak Adds New Evidence for Under-Display Face ID

Monday December 8, 2025 4:54 am PST by
Apple is actively testing under-screen Face ID for next year's iPhone 18 Pro models using a special "spliced micro-transparent glass" window built into the display, claims a Chinese leaker. According to "Smart Pikachu," a Weibo account that has previously shared accurate supply-chain details on Chinese Android hardware, Apple is testing the special glass as a way to let the TrueDepth...
iOS 26

Apple Seeds Second iOS 26.2 Release Candidate to Developers and Public Beta Testers

Monday December 8, 2025 10:18 am PST by
Apple today seeded the second release candidate version of iOS 26.2 to developers and public beta testers, with the software coming one week after Apple seeded the first RC. The release candidate represents the final version iOS 26.2 that will be provided to the public if no further bugs are found. Registered developers and public beta testers can download the betas from the Settings app on...
iOS 26

iOS 26.2 Coming Soon With These 8 New Features on Your iPhone

Thursday December 11, 2025 8:49 am PST by
Apple seeded the second iOS 26.2 Release Candidate to developers earlier this week, meaning the update will be released to the general public very soon. Apple confirmed iOS 26.2 would be released in December, but it did not provide a specific date. We expect the update to be released by early next week. iOS 26.2 includes a handful of new features and changes on the iPhone, such as a new...
iPhone 17 Pro Cosmic Orange

10 Reasons to Wait for Next Year's iPhone 18 Pro

Monday December 1, 2025 2:40 am PST by
Apple's iPhone development roadmap runs several years into the future and the company is continually working with suppliers on several successive iPhone models at the same time, which is why we often get rumored features months ahead of launch. The iPhone 18 series is no different, and we already have a good idea of what to expect for the iPhone 18 Pro and iPhone 18 Pro Max. One thing worth...
Johny Srouji

Apple's Chipmaking Chief Johny Srouji Responds to Report About Him Potentially Leaving

Monday December 8, 2025 9:23 am PST by
Apple's chipmaking chief Johny Srouji has reportedly indicated that he plans to continue working for the company for the foreseeable future. "I love my team, and I love my job at Apple, and I don't plan on leaving anytime soon," said Srouji, in a memo obtained by Bloomberg's Mark Gurman. Here is Srouji's full memo, as shared by Bloomberg:I know you've been reading all kind of rumors and...
google pixel 10

Switching Between iPhone and Android Will Get Easier With New Apple and Google Collaboration

Monday December 8, 2025 11:10 am PST by
Apple and Google are teaming up to make it easier for users to switch between iPhone and Android smartphones, according to 9to5Google. There is a new Android Canary build available today that simplifies data transfer between two smartphones, and Apple is going to implement the functionality in an upcoming iOS 26 beta. Apple already has a Move to iOS app for transferring data from an Android...
ipad blue prime day

iPad 12 Rumored to Get iPhone 17's A19 Chip, Breaking Apple Tradition

Wednesday December 10, 2025 12:22 pm PST by
The next-generation low-cost iPad will use Apple's A19 chip, according to a report from Macworld. Macworld claims to have seen an "internal Apple code document" with information about the 2026 iPad lineup. Prior documentation discovered by MacRumors suggested that the iPad 12 would be equipped with an A18 chip, not an A19 chip. The A19 chip was just released this year in the iPhone 17, and...