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Buffett says Apple is Berkshire portfolio's best business

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OMAHA/NEW YORK – Warren Buffett said on Saturday (May 6) 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 US$1 billion (S$1.3 billion) stake in...

A person takes a picture as investors and guests arrive for the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, on May 6.OMAHA/NEW YORK – 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 US$1 billion stake in Apple in May 2016, and by March 2023 had boosted that stake to US$151 billion, accounting for 46 per cent of its US$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.ALSO READ:

 

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Buffett says Apple is Berkshire portfolio's best businessOMAHA: Warren Buffett said on Saturday (May 6) that Apple is a better business than any other in Berkshire Hathaway'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. Berks
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