The Oracle of Omaha has scooped up an eye-popping 75 million more shares of Apple, according to CNBC on Thursday evening. Buffett now owns about 240 million shares of the tech king.
News of Buffett's big buy, amid worries on Wall Street over iPhone demand, comes ahead of Berkshire's annual shareholder meeting on May 5.
To be sure, Buffett appears to be loving Apple's mix of recurring service revenue, cheap valuation and increasing generosity with its capital return plans. Just this week, Apple silenced the growing number of bears with a solid earnings beat and a shiny new $100 billion stock buyback plan.