Buffett’s firm, Berkshire Hathaway, first purchased shares of Apple in 2016, when the iPhone maker was experiencing a brief downturn in its business.
Apple’s market valuation has climbed steadily since Buffett acquired the shares, briefly topping $3 trillion earlier this week. As a result, the value of Buffett’s Apple investment surged to $160 billion, an increase of more than $120 billion over time.
“Without a doubt, it is one of the strongest investments that Berkshire has made in the last decade,” said Edward Jones analyst James Shanahan toldApple was the first company in history to achieve a $3 trillion valuation. The company’s capitalization has since dipped slightly below the historic threshold.As of the end of September, Berkshire Hathaway owned a roughly 5.4 percent stake in Apple. The firm sold a portion of its shares in 2020. Apple is the largest holding in the firm’s portfolio.
Earlier this year, Buffett told investors at an annual shareholder meeting that the decision was “probably a mistake.” Buffett has praised Apple’s leadership on multiple occasions, referring to CEO Tim Cook as a “fantastic manager.”Twitter/tim_cook “Tim Cook was under-appreciated for a while. He’s one of the best managers in the world. And I’ve seen a lot of managers. And he’s got a product that people absolutely love,” Buffett said
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