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Tim Cook says he's 'thrilled' that Buffett is a 'major investor' in Apple

Key Points
  • Buffett revealed late Thursday that Berkshire Hathaway bought 75 million shares of Apple during the first quarter — pushing the stock to an all-time high Friday morning.
  • "On a personal level, I've always greatly admired Warren and have always been grateful for his insight and advice," Apple CEO Tim Cook said.
  • The buy makes Berkshire the third-largest Apple shareholder, behind Vanguard and BlackRock.
Apple CEO Tim Cook
Brendan McDermid | Reuters

Apple CEO Tim Cook said Friday that he's "thrilled" to have legendary investor Warren Buffett and Berkshire Hathaway as a major shareholder in the company.

Buffett revealed late Thursday that Berkshire Hathaway bought 75 million shares of Apple during the first quarter — pushing the stock to an all-time high Friday morning.

"On a personal level, I've always greatly admired Warren and have always been grateful for his insight and advice," Cook said in a statement.

If Berkshire purchased the additional stock at Apple's lowest first-quarter levels, 75 million shares would ring in above $11 billion — the actual spend was likely higher since Apple only traded below $154 for a single day during the quarter.

"It is an unbelievable company," Buffett told CNBC.

The buy makes Berkshire the third-largest Apple shareholder, behind Vanguard and BlackRock.