INSUBCONTINENT EXCLUSIVE:
significant gain this week after the Cupertino, California-based firm surprised Wall Street on Tuesday with resilient iPhone sales and
quarterly results that topped expectations.
"If you look at Apple, I think it earns almost twice as much as the second most profitable
billion.
In February, Berkshire had said its Apple stake grew by about 23 per cent since the end of September to roughly 165.3 million
shares.
The billionaire investor recently sold out of an unsuccessful investment in IBM Corp, at the same time he was buying Apple.
Buffett
has praised Apple chief executive officer Tim Cook and suggested he views Apple more as a consumer company, despite its Silicon Valley
companies than their stocks.
Berkshire typically discloses its largest common stock holdings and percentage stakes in its quarterly and
Omaha, Nebraska hometown.
