"I'm delighted to see them repurchasing shares", Buffett said.
Buffett, chairman and CEO of Berkshire Hathaway, made the remarks in response to a Chinese investor's question about US-China trade relations at the Berkshire Hathaway's annual shareholders meeting, Xinhua reported.
Warren Buffett has been buying a lot of Apple shares recently, saying that he would buy even more at the right price.
Buffett said that cyber risk is part of his estimate that every year carries about a 2 percent chance of a super catastrophe that would cause $400 billion or more of insured losses.
"They are not going to find $50 billion or $100 billion acquisitions that they can make at remotely a sensible price", ReCode quoted Buffett as saying at the company's annual meeting held at Omaha city in the USA state of Nebraska.
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"I love the idea of having our 5 percent, or whatever it is, maybe grow to 6 or 7 percent".
On Friday, Apple's stock hit an all-time high after Berkshire disclosed it bought an additional 75 million shares of the iPhone maker in the first three months of the year.
Up to Friday's close, Apple stock had risen 9.8 percent since Berkshire disclosed on February 14 that it had raised its stake in the company, Reuters noted. Berkshire is now Apple's third largest shareholder, behind Vanguard Group and BlackRock Inc.
Buffett also spoke about one of Apple's main rivals - Google - admitting it had been a mistake for Berkshire not to invest in Alphabet, its parent company, and Amazon. As for the current flow of deals, he said his telephone hadn't been ringing off the hook.