Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Mahmood unveils refugee sponsorship route as asylum bill faces Labour test

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      World Cup: How brands will activate as the knockouts begin

      Morocco v Haiti: Group C - FIFA World Cup 2026

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Exclusive: Richard Caring in talks to buy City icon 1 Lombard Street

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 27 February 2017 2:16 pm

Legendary investor Warren Buffett beefs up Apple stake buying 120m shares in 2017

By: Shruti Tripathi

Add as a preferred source on Google

The Oracle of Omaha, Warren Buffett, confirmed today that his conglomerate Berkshire Hathaway has snapped up 120m shares in Apple this year. 

Buffett told CNBC that Berkshire's Apple stake was now worth about $17bn and amounted to 133m shares.

“Apple strikes me as having quite a sticky product and an enormously useful product to people that use it, not that I do," Buffett said praising Apple Boss Tim Cook for doing a "terrific job" with the company. 

“He’s been very intelligent about capital deployment,” Buffett said.

Last month, the legendary investor revealed he has added $12bn (£9.6bn) worth of stock to Berkshire Hathaway since the US election in November.

“We’ve, net, bought $12bn of common stocks since the election,” Buffett said in an interview.

 

Read more: Warren Buffett: Five things you need to know about today's annual letter

Over the weekend the 86-year-old sent his annual letter to investors, offering advice to investors. 

"Our expectation is that investment gains will continue to be substantial – though totally random as to timing – and that these will supply significant funds for business purchases," Buffett wrote in the letter.

"Concurrently, Berkshire's superb corps of operating CEOs will focus on increasing earnings at the individual businesses they manage, sometimes helping them to grow by making bolt-on acquisitions." 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Tech

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Barclays and Lloyds join banking sector plan for digital ID

  • Clarkson’s Farm and why businesses must stop blaming the weather

More from CityAM

  • Google taps markets for $30bn AI cash call

    Tech
    Googles modern Kings Cross headquarters showcasing innovative architecture in Londons dynamic tech district
  • Berkshire Hathaway Specialty Insurance Expands Marine Leadership; Names Ben Wyatt as Head of Marine for North America and the UK

    Business Wire
  • Martin Sorrell calls WPP ‘catatonic’ as Goldman slaps sell rating on its own client

    Media
    Former WPP chief Sir Martin Sorrell has offered a warning to the government ahead of tomorrow’s Autumn Statement.
  • Molten Ventures shares surge as it offloads Revolut stake

    Tech
    Revolut office interior showcasing modern workspace design with collaborative areas and tech-savvy workstations
  • Apple eyes blacklisted Chinese supplier to ease chip shortage

    Tech
    Apple launched a legal challenge to the Tribunal in March against a Home Office order to create back-door access to the US technology company’s most secure cloud storage systems.
  • Apple memory chip warning causes fresh Asia tech sell-off

    Markets
  • Manchester City now worth £7.5bn, says chairman Al Mubarak

    Sport Business
    Getty Images logo on a digital screen, representing stock photography service for news and media platforms
  • Ascot CEO on Royal meet, pooling media rights and the best of Britain

    Sport Business
    Due to the lack of specific context or details provided in the article, I am unable to generate accurate and descriptive a...

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Newsroom
  • Contact

Legal

  • Editorial Policy
  • Corrections Policy
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies