Tim Cook explains why Apple isn’t a tech company anymore

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Tim Cook and Co. bring the hardware heat at The Brooklyn Academy of Music during the
Apple is now a consumer company.
Photo: Tim Cook

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 made an iPhone game just for Warren Buffett

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Warren Buffett
Get ready to sling papers till your fingers hurt.
Photo: Apple

Apple has finally come out with its first new video game for iPhone since the App Store debuted in 2008 and its dedicated to the iPhone-maker’s largest shareholder, Warren Buffett.

Tim Cook made a cameo appearance at Berkshire Hathaway’s shareholder this morning to reveal the new game. The game, called Warren Buffett’s Paper Wizard, sounded like a joke at first. Players cruise around tossing newspapers at houses as an homage to Buffett who had a paper route as a kid to make money. Now he’s one of the richest men in the world with his own paperboi video game to boot.

Warren Buffett isn’t rushing to stock up on Apple shares

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Buffett
Warren Buffett has been a massive Apple cheerleader.
Photo: CNBC

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.”

Apple shares stumble as Warren Buffett’s firm trims holdings

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Buffett
Warren Buffett has been a massive Apple cheerleader.
Photo: CNBC

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.

iPad lover Warren Buffett plows more money into Apple

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Buffett
Warren Buffett is one of Apple's biggest cheerleaders these days.
Photo: CNBC

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!

Warren Buffett’s firm just can’t stop investing in Apple

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money
Berkshire Hathaway has made crazy amounts of money from Apple.
Photo: Ste Smith/Cult of Mac

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.

Apple stock earns Warren Buffett $2.6 billion in a single day

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Buffett
Breaking news: Warren Buffett knows how to invest wisely.
Photo: CNBC

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.

Warren Buffett didn’t believe the iPhone X doom predictions

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Buffett
Warren Buffett continues to sing Apple's praises.
Photo: CNBC

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.

Apple is now Warren Buffett’s second biggest investment

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Buffett
Warren Buffet is Apple's biggest investor.
Photo: CNBC

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.