Charlie Munger, investment company Berkshire Hathaway’s vice chairman, laid out high praise for Apple during an interview with Yahoo! Finance on Thursday. He called the Cupertino juggernaut “ungodly well-managed.”
He also described Apple as “one of the strong companies” and said he expects it to remain so.
Warren Buffett is one of the greatest financial masterminds of our time. But he’s not infallible. Sometimes even Warren makes mistakes — and one of those recent mistakes was called Apple.
Buffett’s Berkshire Hathaway firm has long invested in Apple, with Buffett once saying that, “I don’t think of Apple as a stock. I think of it as our third business. It’s probably the best business I know in the world. And that is a bigger commitment than we have in any business except insurance and the railroad.”
Apple has done extremely well for Buffett. The company’s stake in Apple has tripled in value in the past three years. On Wednesday, as Apple closed at a new all-time high, it was worth $128 billion. It accounts for more than 40% of Berkshire’s US portfolio, while Berkshire is Apple’s second larger shareholder (after index fund giant Vanguard.) However, Buffett has also been pruning his Apple stake. And it’s cost him.
Berkshire Hathaway — the investment firm belonging to Warren Buffett, one of Apple’s biggest cheerleaders in recent years — reduced its stake in the Cupertino tech giant last quarter.
According to a regulatory filing made this week, in Q4 2020, Berkshire Hathaway cut 6% of its Apple shares. By contrast it kept its Amazon shares steady, while growing its stake in T-Mobile by a massive 117%.
Warren Buffett, the legendary investor and big-time Apple booster, now has a share of the company worth upward of $100 billion.
Even more impressive? Buffett’s firm Berkshire Hathaway reportedly spent on around $35 billion to secure its 5.7% stake in Apple. That’s a pretty darn great return on investment — and Apple’s only climbing higher.
The firm’s 245 million Apple shares have increased in value by more than $55 billion since the start of 2019 to be worth upward of $91 billion. Still, from an investor’s perspective, it makes you wonder whether you’d be better off simply investing in AAPL itself, rather than paying a fund manager!
Warren Buffett may be one of the shrewdest financial minds of our time, but don’t expect him to be able to use an iPhone. Despite receiving a personal lesson from Apple CEO Tim Cook.
“I went out to California, and Tim Cook very patiently spent hours trying to move me up to the level of the average two-year-old,” Buffett told Yahoo Finance editor-in-chief Andy Serwer. “And didn’t quite make it.”
Despite selling off nearly $1 billion worth of Apple shares earlier this month, Berkshire Hathaway CEO Warren Buffett is still bullish on the iPhone-maker.
Warren told CNBC he wishes he bought Apple shares before he did. Buffett is so hyped on Apple he finally ditched his old flip phone and bought an iPhone.
Warren Buffett’s investment firm Berkshire Hathaway sold more than $800 million of Apple stock in the last quarter of 2019.
Buffett is probably Apple’s most famous investor and cheerleader. Berkshire Hathaway is the Cupertino tech giant’s biggest shareholder, with an estimated 5.4% stake in the company.
Apple CEO Tim Cook sounded absolutely ecstatic to count Warren Buffett as one of his company’s investors during an interview at Berkshire Hathaway’s shareholders meeting this morning.
Cook made a cameo in the company’s opening video — that also introduced Apple’s new Buffett-themed game — and sat down with CNBC to talk about his relationship with Warren, Apple’s culture, privacy and more.
Apple finally came out with its first new video game for iPhone since the App Store debuted in 2008, and it’s dedicated to the iPhone-maker’s largest shareholder, Warren Buffett. It’s called Warren Buffett’s Paper Wizard, and it sounded like a joke at first.
Apple CEO Tim Cook made a cameo appearance at Berkshire Hathaway’s shareholder meeting this morning to reveal the new game. In Paper Wizard, players cruise around tossing newspapers at houses as an homage to Buffett, who worked a paper route as a kid to make money. Now he’s one of the richest men in the world (and with his own paper boi video game to boot).
Warren Buffett has been one of Apple’s biggest investor cheerleaders. However, the 88-year-old super investor says that he’s not going to be adding to his holdings unless prices go down.
“If it were cheaper, we’d be buying it. We aren’t buying it here,” Buffett told CNBC‘s “Squawk Box.”Apple: I don’t see myself selling – the lower it goes, the better, I like it, obviously.”
In good times, the “Warren Buffett effect” has caused Apple shares to soar — by showing everyone that the world’s most famous investor believes in Apple. However, the opposite is also true: An apparent second thought on the part of Buffett’s firm Berkshire Hathaway can cause shares to fall.
That’s what happened this week, when Berkshire Hathaway was revealed to have slightly reduced its Apple holdings. Responding to the news, Apple shares fell 0.5 percent in pre-market trading.
It wasn’t that long ago that Warren Buffett, probably the world’s most famous investor, said that he just didn’t get get Apple and wasn’t investing in it as a result.
To quote the late Biggie Smalls, “things done changed.” In a new interview with CNBC, coinciding with Buffett’s 88th birthday, the now-Apple-loving financial titan shared his thoughts on a number of topics — and you can bet that the iPhone was among them!
If a company made you $2.6 billion in a single day, you’d probably want to continue investing in it. That’s what Warren Buffett’s Berkshire Hathaway firm has done with Apple, according to its latest regulatory filing.
In the second quarter of 2018, Berkshire Hathaway boosted its stock in Apple by 5 percent, upping its holding from 239.6 million shares to 252 million. According to current valuation that means the firm’s Apple investment is worth around $47 billion.
For a person who famously said he doesn’t like to invest in tech stocks, Warren Buffett has done pretty well with Apple.
Following the company’s amazing quarterly earnings this week, Buffett’s shares in Apple have proven to be an insanely smart bet. How smart? Thanks to the 6 percent spike in Apple stock yesterday, Buffett’s Berkshire Hathaway firm likely made upward of $2.6 billion in a single day.
Analysts everywhere are trying to restore their Apple credibility after predicting doom for the iPhone X, only to be confronted with Apple’s best ever March quarter!
One person who apparently didn’t buy into the negative chatter about Apple? Renowned investor Warren Buffett. In the first quarter of 2018, Buffett’s Berkshire Hathaway firm shelled out for a massive 75 million AAPL shares. That joins the 165.3 million shares it owned at the end of last year.
Warren Buffett doesn’t use an iPhone, yet it is one of the big reasons he invests so much money in Apple stock.
Buffett told CNBC on Monday that his Berkshire Hathaway Inc. bought more in Apple than any other stock over the last year, making it the second-biggest holding for the company.
Warren Buffett’s Berkshire Hathaway firm has massively increased its AAPL holdings, while ditching virtually all its IBM stock, showing how confident the super investor is of Apple’s immediate future.
Buffett’s firm increased its Apple holdings by 23.3 percent to 165.3 million shares, according to SEC filings. The firm took a dimmer view of IBM, however, and made the decision to drop a massive 94.5 percent of its holdings, leaving it with just 2.05 million shares.
Apple’s big pause in iPhone sales leading up to this year’s new models isn’t worrying one of the company’s biggest investors.
Berkshire Hathaway CEO Warren Buffett says he loves what Apple is doing with its buyback program for investors and even though sales are slow, the stock is still a great buy.
A ringing endorsement from mega-investor Warren Buffett has helped push Apple’s stock to a new record high today.
Apple shares were trading up 2.04% and closed at an all-time high of $139.78 per share, beating the company’s previous top mark of $137.11 set last week.
Warren Buffett’s investment firm Berkshire Hathaway has more that doubled its Apple share holdings this year — with its $17 billion share of Apple now representing Berkshire’s second biggest holding in a company.
In 2017 alone, the firm has purchased 120 million Apple shares.
Justine Ezarik built a successful brand from her home by unboxing the latest Apple gadgets in front of a video camera and sharing her geeky tech enthusiasm with millions of YouTube followers.
Now the internet influencer known as iJustine will reach a new audience as she joins Arnold Schwarzenegger in the “Boardroom” as an adviser on The New Celebrity Apprentice.
Legendary investor Warren Buffet tends to stay away from technology stocks, but he can’t be too upset about his company’s decision to invest in AAPL stock.
At least, that would be the assumption based on the fact that his Berkshire Hathaway investment company announced this week that it’s increasing its stake in AAPL by a massive 55 percent.
He’s previously admitting to not really “getting” Apple, but legendary investor Warren Buffett’s recent investment in AAPL seems to have convinced shareholders to have a bit more faith in the Little Cupertino Company That Could.