Apple shares hit record high
- World
- Anadolu Agency
- Published Date: 12:00 | 05 May 2018
- Modified Date: 12:06 | 05 May 2018
Apple Inc. saw its share value hit a record high on Friday following comments by American billionaire investor Warren Buffett.
Buffett, who is the CEO of holding conglomerate Berkshire Hathaway, revealed late Thursday that the company purchased 75 million Apple shares in the first quarter of this year.
The stock price climbed to an all-time high at $184.25 per share, shortly before the U.S. stock market closing.
This gave Apple shares a 4.1 percent daily gain, after they closed Thursday at $176.89 a share, according to data compiled by Anadolu Agency.
The firm also added around $37 billion to its market value, which reached $933 billion on Friday, from $896 billion on Thursday.
Berkshire Hathaway's Apple shares are worth approximately $44 billion at the current stock price of Apple. The company had around 165 million Apple shares at the end of last year.