Warren Buffett just can't stop taking a bite of the Apple (AAPL) - Get Report

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.  

The billionaire's holding conglomerate Berkshire Hathaway revealed in February that hiked its stake in Apple by a whopping 23% to 165.3 million shares during the fourth quarter.

In the third quarter, Buffett upped his stake in Apple by roughly 3% to about 134 million shares.

Berkshire acquired its first stake in Apple in May 2016. At the time, the conglomerate said that it purchased 9.8 million shares during the first quarter at an average price of about $109 a share.

Apple is a holding in Jim Cramer's Action Alerts PLUS.