Berkshire Hathaway doubles down on Apple stock

Warren Buffett's Berkshire Hathaway increased its Apple holdings by 23.3% to 165.3 million shares, according to SEC filings. The multinational conglomerate company dumped about 94.%of its IBM holdings, leaving just 2.05 million shares.

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Last year, Buffett that he was more sure about Apple's future than IBM’s. The conglomerate was already the fourth-largest Apple shareholder, according to FactSet.