Buffett’s Berkshire Keeps Buying More of Apple

Billionaire investor says tech company makes a consumer product he understands, the iPhone

Warren Buffett’s Berkshire Hathaway Inc. continued to load up on technology giant Apple Inc. in the second quarter.

Berkshire increased its holdings of Apple stock by 12.4 million shares in the quarter, taking its stake to $46.6 billion by the end of June, according to a new securities filing on Tuesday.

Mr. Buffett’s firm has largely avoided...