Buffett said he would be happy to see the Apple share price fall if it would spur repurchases.
Buff Daddy made his fortune investing in stable companies that produce simple services and commodities - like gas producers, banks, or beverage-makers.
Operating profit, which doesn't include those changes, jumped 49 percent to $5.29 billion during the first quarter as insurance underwriting swung to a profit after a hard 2017. "It is a better idea than spending that money on other companies which have the disadvantage of not being Apple." in company's annual meeting held in Omaha city in the U.S. state of Nebraska.
They may be able to do it together.
Ahead of his annual Berkshire Hathaway shareholder meeting, Buffett spoke highly of his investment in Apple.
Berkshire Hathaway is now the third largest shareholder of Apple.
Becky Quick: Warren, I guess when you had described this company, the reason you like Apple are not reasons that are technology based reasons, you think of it as a consumer company. We like very much the management and the way they think.
If it crosses the trillion-dollar threshold, it will become the first United States company to do so - a title that fellow tech giants Amazon, Google and Microsoft have also been vying to achieve.
Apple said that customers chose the US$999 iPhone X "more than any other iPhone each week" during the March quarter like they did in the December quarter. "So we very much approve of them repurchasing shares".
He says he hopes more daily newspapers can find a way to be economically viable because they are so important to society. "And the fact that it's clever computer science doesn't mean that it should be widely used, and that respectable people should encourage other people to speculate on it. Bitcoin reminds me of Oscar Wilde's definition of fox hunting: the pursuit of the uneatable by the unspeakable". "And we could buy a lot of it".