Apple Reaches 901 Billi Dollars at a Record Level, Warren Buffet Buys Even More Stocks

Apple Shares Inc. Closed higher Friday, finishing the week at US $ 183.83, a gain of 6.94 (+ 3.92%). Dispel (and unfounded) fears of slow sales of the iPhone X and a record March quarter combined with news that Warren Buffet has bought 75 milli shares of more than Apple to push the title to a high closing record. At this price, Apple has a market capitalizati of about $ 901 billi.

[ Update: This story originally reported the market capitalizati of Apple at $ 869 billi. Looking closer, several points of view report between $ 900 and $ 930 billi. Apple appears to have about 4.9 billi shares outstanding (this data is also incsistent), which would give AAPL a market capitalizati of about $ 901 billi. – Bryan]

All in all, Warren Buffet's Berkshire Hathaway now boasts a staggering 240.3 milli shares of AAPL. That's worth $ 44.1 billi, for those who keep a score at home. Apple is the largest holding company in Berkshire Hathaway, accounting for about 25% of its assets

"Whatever the profit, $ 60 billi or whatever, and you can put all the products a dining table" Becky Quick in an interview

This is a pitch that Apple CEO Tim Cook has de in his own interviews over the last year, and the message has apparently resated with the Oracle's. Omaha. Buffet also called Apple a "formidable" company

AAPL shares have risen since the company's earnings report Tuesday, up some 13.3 percent the week. Here is an overview of this week:

Five-day chart ending May 4, 2018 (Source: Yahoo!)

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