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Apple shares on verge of record high after Buffett comments

Warren Buffett praised Apple's ability to retain customers in its iPhone ecosystem. Berkshire Hathaway disclosed on Feb 14 that it had increased its stake in Apple by 23 per cent, making it the company's largest common stock investment.

San Francisco

SHARES of Apple rose 2 per cent on Monday and were on the verge of a record high after billionaire Warren Buffett talked up his company's stake in the iPhone maker.

Apple's stock was at US$179.04, just short of its US$179.26 record closing price on Jan 18 and shaking...