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Warren Buffett applauds Apple's share buybacks

Warren Buffett on Saturday applauded Apple Inc.'s AAPL, +three.92% percentage repurchase program, noting that as shares are bought again, Berkshire Hathaway's BRK.A, +1.93% BRK.B, +2.10% stake grows by itself. Apple, which was once already an aggressive purchaser of its personal shares, introduced a $100 billion buyback program previous this week. Buffett on Friday printed that Berkshire had added 75 million Apple shares to its portfolio in the first quarter, building on an already sizable stake.