We’ve talked about Warren Buffett in Applesfera several times. He is an exceptional investor. One of the best and most famous of recent times. He started at the bottom without much capital and today, at the age of 92, He is one of the richest men in the world.
His mutual fund, Berkshire Hathaway, is one of the most profitable and stable in existence, and one of the few that can outperform the market year after year. Something Buffett himself dismissed as impossible a few years ago when he challenged all major investors to pull off that feat two years in a row, and none succeeded. He only has words of admiration for Apple and its products. We’ll tell you.
“It’s just a better deal”
Warren Buffett is enthusiastic about those of Cupertino. In her own words, “Apple is a different business than the other companies that we have a stake in. It’s just a better deal.” With this statement, which is as simple as it is sonorous, he explained your mutual fund’s relationship with the bitten apple company at the last investor meeting in Omaha, Nebraska.
Yes, Warren Buffett must like Apple because his whole life he believed the tech sector was too unstable and therefore never invested in it. However, in 2016 he decided to buy a billion dollars worth of Apple stock. At the moment, and after successive purchases over the years, it has reached a whopping $151,000 million in Apple stock, which accounts for 46% of its total portfolio.
Apple is a better company than any other company we own, says Warren Buffett. pic.twitter.com/S9d1qhNCrt
— CNBC (@CNBC) May 6, 2023
In April 2023, the investor said he was so sure of it Apple user loyalty, which believed that if its buyers were offered $10,000 for never using an iPhone again, they would turn it down. Today he went one step further and said the following:
“Apple is in a consumer position where they might pay $1,500 or whatever for a phone. And the same people pay $35,000 for a second car, and if they had to give up their second car or their iPhone, they would give up their second car. It is extraordinary. We don’t have anything like that (…) we’re very lucky to own 5.6% or whatever of Apple and we’re happy every time it goes up a tenth of a percentage point, it’s like we’re making $100 million would add merit to ours.”
Warren Buffett is one of the greatest investors in recent history and someone like him saying something like that about your company, it’s celebration, and more. At least in economic terms, Apple seems to be on the right track. At least, Buffett thinks so.
In Applesphere | iPhone 15: release date, price, models and everything we think we know about them
Source : www.applesfera.com