The 'Oracle of Omaha' called the iPhone 'an extraordinary product' and Apple a better business than any of Berkshire's wholly-owned subsidiaries.
The new iPhone 15 is about to hit the stores, and Apple CEO Tim Cook might have already sent one to his most important investor — Warren Buffett. The iPhone is what propelled Buffett, a longtime tech skeptic, to eventually invest almost half of Berkshire Hathaway's equity portfolio in the tech company, becoming the largest shareholder outside of index and exchange-traded fund providers.
The billionaire investor has called Apple Berkshire's "third-largest business," after its insurance and railroad holdings. Buffett, then 89, finally upgraded to an iPhone 11 in 2020, abandoning his $20 flip phone after receiving several models over the years from CEO Cook. As Wall Street analysts conduct channel checks , Buffett too likes to kick the tires and recognizes the importance of getting a first hand feel for products.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple Watch Series 9 vs. Apple Watch Series 8: a worthy upgrade?You may be wondering whether you should wait until the Apple Watch Series 9 arrives or just purchase an Apple Watch Series 8 today. Here's the answer.
Consulte Mais informação »
The best deals on Apple iPads you can get right nowThere are major deals to be had on the Apple iPad Air, Apple iPad Pro, Apple iPad Mini and other Apple products.
Consulte Mais informação »
How Will Warren is trying to give the Yankees a ‘hard decision’ on 2024 rotation spotHow badly do the Yankees need another starter or two this offseason? That answer hinges on pitchers such as Will Warren.
Consulte Mais informação »
Elizabeth Warren Demands Review of Defense Contracts With Elon Musk Amid Revealed Actions Against UkraineCritics questioned whether Musk's actions had violated the Logan Act.
Consulte Mais informação »
US Senator Warren presses Pentagon on L3 Harris deal to buy AerojetU.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon's role in the approval in July of L3 Harris Technologies' purchase of Aerojet Rocketdyne at a time when the number of defense contractors is at a historic low.
Consulte Mais informação »