Charlie Munger, a millionaire investor, has praised Apple as “ungodly well-managed,” according to Yahoo Finance.
Andy Serwer was granted an exclusive conversation with Berkshire Hathaway Vice Chairman Warren Buffett, who revealed to him:
I believe Apple is a great business and will continue to be a powerful company in the future. I believe it’s a godsend in terms of how well-run it is.
With Berkshire Hathaway now owning a sizable piece of Apple, the stock has grown to represent a considerable amount of the overall worth of the conglomerate. With Apple and other large digital businesses such as Amazon, Berkshire Hathaway has been trying to increase its holdings in recent years. By far, Munger is most pleased with Apple, he said.
I assess a company’s viability depending on how much its clients like working with it. And I know a slew of people who would rather give up their right arm than give up their iPhone. In a position like that, you’ve got a lot of clout.
As of September 2021, Berkshire Hathaway owns 5.5 percent of Apple with 907.6 million shares, which Warren Buffett often praises.
Apple became the first three-trillion-dollar firm last month. Apple set a new quarterly sales record of $123.9 billion in its most recent financial release. The business also reached all-time quarterly revenue records for the iPhone, Mac, Wearables, and Services, breaking previous marks in each of these areas.