Buffett Boosts Apple Stake ‘A Little,’ Says iPhone Is ‘Enormously Underpriced’

Buffett Boosts Apple Stake ‘A Little,’ Says iPhone Is ‘Enormously Underpriced’
Tech-giant Apple has apologized for slowing down its old iPhones and has dropped the price for battery replacements as a way of making amends. Peter Parks/AFP/Getty Images
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The Oracle of Omaha is adding to his already large stake in Apple Inc.

Warren Buffett, 88, likes the technology giant because of its devoted customers, and has built up his stake in the company by “just a little” since his last regulatory filing, he said Aug. 30 in an interview with CNBC. The Berkshire Hathaway Inc. chairman and chief executive officer said his company also bought back some of its own stock recently, without saying how much.