In an interview with US channel CNBC, multi-billionaire Warren Buffet highlighted Apple’s influence with its customers, saying that even $10,000 wouldn’t be enough to make a convert drop his iPhone. Despite his praise for the company, the 5th richest man in the world has already expressed his doubts about Apple’s production line.
The 5th richest man in the world is happy about his own investments. On April 12, 2023, multi-billionaire Warren Buffet was a guest on the Squawk Box show on the American channel CNBC. But at the bend of questions about the American manufacturer Apple, the entrepreneur from Omaha split a short boastful sentence on the subject:
” If you own an iPhone and someone offers you $10,000, and the only constraint is that they take your iPhone and you’re never allowed to have one again , you would refuse“says Warren Buffet.
Praise for Apple… by one of its shareholders
In short: the ecosystem of Apple products would be so well designed and retain its users so well that even the equivalent of 9000 euros would not convince you to drop your smartphone at the apple. He then praised this product “ incredibly valuableand claimed that CEO Tim Cook ” managed this company in an extraordinary way“.
” @tim_cook is one of the classiest CEOs and he understands the business. Tim Cook has managed that company in an extraordinary way,” says Warren Buffett on $AAPL. “It’s a wonderful business so we own a lot of it.” pic.twitter.com/1lVUNIfgnT
— Squawk Box (@SquawkCNBC) April 12, 2023
And for good reason: if the man praises Apple, it is also because the American manufacturer represents the main investment of his bank Berkshire Hathaway, with 43.5% of the funds committed, according to CNBC. That’s $137 billion in Apple stock, according toStreet Insider. What to be a big fan of the apple brand.
A doubt about the iPhone manufacturer
However, the Omaha entrepreneur has already expressed his doubts about Apple’s production line in another interview forCNBC. In particular on the subcontractor responsible for producing certain components of the iPhone: the Taiwanese company TSMC.
While he had invested $ 4.1 billion in the world’s largest semiconductor manufacturer in November 2022, Warren Buffet finally announced in February 2023 that he would resell 86% of these shares, details the economic media.Capital.
A surprising admission of error from this famous investor known for his good vision of the long-term market. However, this did not change the mind of the multi-billionaire fan of Apple, who had announced in parallel… to buy more and more Apple shares.
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