The value of Berkshire Hathaway's holdings in Apple increased $9.8 billion on Friday as Apple stock rose nearly 7% on a strong earnings report.
Apple reported December quarter earnings on Thursday, posting nearly $124 billion in sales and strong sales growth in every product line except for the iPad. Investors seemed particularly keen on CEO Tim Cook's remarks that supply chain headaches are improving.
Berkshire Hathaway started accumulating Apple stock in 2016 and now owns 887,136,000 shares of the iPhone maker, or over 5% of Apple's outstanding stock, according to FactSet data.
