Here's Why Warren Buffett's Berkshire Hathaway Still Loves Apple Stock

In a recent 13F filing with the SEC, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK.B) revealed that it had purchased even more shares of Apple (NASDAQ: AAPL) in the most recent quarter, increasing its stake by 3.9 million shares to 134.1 million. That is interesting, since the stock had already appreciated roughly 50% since Buffett & Co. began buying about a year ago. As a devout value investor, it suggests Buffett and his Berkshire Hathaway lieutenants think Apple is still a great buy even at these levels. Here are the likely reasons Buffett has kept buying the iPhone giant.

This summer, Apple unveiled the iPhone X, its 10th-anniversary smartphone, complete with all sorts of bells and whistles including facial recognition, wireless charging, and, of course, animojis. For the privilege of owning the latest and greatest iPhone, customers will have to pay $999, though many will pay even more if they choose a monthly payment plan or opt for more storage.

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Source: Fool.com