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Warren Buffett's Berkshire Hathaway buys 75 million more Apple shares

Warren Buffett
Warren Buffet speaking about philanthropy to an audience. Photo: Daniel Zuchnik/WireImage via Getty Images

Berkshire Hathaway, owned by Warren Buffett, bought 75 million shares of Apple in the first quarter of the year, adding to the 165.3 million the company already owned, reports CNBC.

The big picture: Buffett's investment in Apple shows that, despite the company not meeting some sales projections on its iPhone, Apple is still moving in the right direction in the eyes of investors heading into the second quarter of 2018.