• 65
  • 2
  • 1

Buffett Says Apple Is Berkshire Portfolio's Best Business

Reuters2023-05-07

OMAHA/NEW YORK May 6 (Reuters) - Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc's portfolio.

"Apple is different than the other businesses we own. It just happens to be a better business," said Buffett during Berkshire's annual meeting in Omaha, Nebraska.

Berkshire revealed a $1 billion stake in Apple in May 2016, and by March 2023 had boosted that stake to $151 billion, accounting for 46% of its $328 billion equity portfolio,

Buffett has long praised Apple CEO Tim Cook, and viewed Apple less as a technology company and more as a consumer products company with a dominant product, the iPhone, that people want and need.

Berkshire has recently held a 5.6% stake in Apple, and Buffett said it could buy more.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment2

  • JimmyChua
    ·2023-05-07
    China might ban apple products
    Reply
    Report
  • OO_898
    ·2023-05-07
    Like 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial