Berkshire Hathaway bought additional 75 million Apple Shares in Q1 2018

What Investors Are Watching For In This Year's Berkshire Hathaway Meeting

Warren Buffett's Berkshire Hathaway has sold its entire stake in IBM, the billionaire investor said Friday in an interview with CNBC.

In a statement to CNBC, Apple CEO Tim Cook said the company is "thrilled to have Warren and Berkshire as a major investor". Visit MarketWatch.com for more information on this news. When added to the 166.7 million shares that Berkshire Hathaway owned at the end of 2017, Buffet's holding company now owns 241.7 million Apple shares.

One company that won't appear anywhere in Berkshire's report is IBM.

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Buffett has also recoiled away from financing in technology companies. "If you look at Apple, I think it earns nearly twice as much as the second most profitable company in the United States". Apple did report flat growth in iPhone unit sales, but increased iPhone revenue pleased investors and shows the higher-priced iPhone X is performing well. The rally came even as iPhone sales fell slightly short of Wall Street's expectations. Retailers and most other groups of stocks also were higher. I see how strong that ecosystem is, to an extraordinary degree.

Berkshire had $116 billion in cash at the end of past year, so has plenty of spare money to make big investments.

Although, the initial foray of Buffett into tech stock investment didn't turn out well; Berkshire's big position in IBM never panned out. It was worth over $17 billion at that time and today it holds 240.3 million shares worth $42.5 billion.

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