Apple closed at a record high this evening, after Warren Buffett revealed he bought a further 75 million shares in the iPhone maker during the first three months of the year.
The stock closed at $183.83, ahead of its previous high of $183.50, propelling Apple closer to a $1 trillion valuation. At the close on Friday, its market capitalisation stood at $903.5bn (£668bn).
The surge in Apple's share price led a rally on Wall Street on Friday, with all three of the major US indices having closed more than 1pc higher.
Veteran investor Mr Buffett disclosed the purchases by his Berkshire Hathaway fund on CNBC late on Thursday, ahead of the investment giant's shareholder meeting this weekend.
The 75...