Share repurchases helped grow Berkshire Hathaway’s Apple holdings

Berkshire Hathaway’s annual letter to shareholders has praised Apple, using the iPhone maker as a demonstration of how share repurchases can be a good thing for investors.

Berkshire Hathaway chairman of the board Warren BuffettBerkshire Hathaway chairman of the board Warren Buffett

Every year, Warren Buffett’s Berkshire Hathaway writes a letter to shareholders, outlining its investments and events over the previous 12 months. In the 2020 letter released on Saturday, the investment firm wrote at length about its ownership in Apple.

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