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.
"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.