Warren Buffett, a well-known investor and supporter of Apple Inc. stock, has praised the company’s devoted customer base as a significant factor in his admiration. According to Buffett, iPhone users exhibit such strong brand loyalty that they would not give up their phones even if offered $10,000.
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Berkshire Hathaway Inc., the investment conglomerate led by Buffett, owns the largest equity investment in Apple, with 915 million shares valued at $151 billion. This investment accounts for approximately 6% of Berkshire’s portfolio. According to CNBC’s Berkshire portfolio tracker, Apple represents about 44% of Berkshire’s overall equity portfolio, which amounts to $344 billion.
During an interview with CNBC’s Squawk Box, the 92-year-old Buffett contrasted the loyalty of iPhone users with the behavior of car buyers.
“If…
2023-06-15 16:00:14
Source from finance.yahoo.com
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