May 4, 2018

Apple shares hit all-time high after Buffett raises stake

Apple shares have hit an all-time high on news that legendary investor Warren Buffett now has a roughly 5% stake in the tech giant. Shares in Apple, already the world's most valuable company, rose by almost 4% on Friday to more than $183.7 each. Mr Buffett said his Berkshire Hathaway group bought about 75 million more shares of the iPhone maker in the first three months of the year. Mr Buffett's company has been buying up shares in Apple since 2016. The company has been building up other lines of business, including the services unit that includes the App Store, Apple Music and Apple Pay.

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