CEO of Apple, Tim Cook recently attended the annual shareholders meeting of Berkshire Hathway and said that he was “thrilled” that Buffet is an investor in Apple. Fourth richest person of the world and CEO of Berkshire Hathway- Warren Buffet is known for his investment in stocks. There it is not so surprising that that Buffet’s company Berkshire Hathway owns $50 billion worth of stock in Apple.
On being asked in an interview, that how he feels that Buffet had invested in Apple. Cook replied ‘I am thrilled, I am thrilled.’ He also went on to praise Buffet and said that the CEO of Berkshire Hathway is not just an investor but also a ‘great teacher’.
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When asked what he had learnt from Buffet, Cook said, “Warren, to me, I’ll do the obvious wisdom: Integrity, humility, straight language, plain language.”
Even though the sale of iPhones has been low in almost every country, close to 53% of company’s revenue came from its flagship products. Apple’s Services business continued to rake in the Mullah as did the AirPods and Apple Watch.
While Buffet on the Apple’s financial report said that he was ‘pleased’ and none of his investment decision was focused on quarterly reports. Regarding Apple he also said, “What they talked about and reported is consistent with the reason we own $50 billion-plus of Apple.”