Warren Buffett, a billionaire investor, said Apple is the best business ever known in the world.
Its Berg Hathaway Conference is currently a very important investor AAPL, with 5.7% of the shares and "constantly growing."
He mentioned Apple as a business during an interview with CNBC. He called it his third business.
“It's probably the best business I know in the world. And that is the biggest commitment we have to any business, other than insurance and rail. ”
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Warren Buffett's most important business
Berkshire Hathaway also owns the highest percentage of its subsidiaries in the Geico Auto and North American BNSF rail network. But Apple is a very important business.
In the past, according to Warren, they had very few AAPL actions and did not know that in the future they would be many. They have taken Coca-Cola as an example, because it has been very easy to know how the company will be in economics in 5 or 10 years. But it wasn't that easy in the case of Apple.
Now he regrets that idea. Do you think you should have bought a part of Apple long ago?
"I should have been more appreciative earlier."
Warren Buffett loves Apple so much that he has even changed the use of the iPhone itself. In fact, in 2018, Tim Cook asked to set his own goal.
"I told him I would personally visit Omaha and support him in technology."
Currently the billionaire has an iPhone 11.
Apple shares have increased their value by 80% in the last 12 months. Without a doubt, it is one of the most profitable businesses in the world. In May 2018, it was revealed that Berkshire Hathaway acquired 75 million shares, a total of 165.3 million shares.
