{"id":36756,"date":"2023-05-06T23:02:08","date_gmt":"2023-05-06T23:02:08","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/buffett-says-apple-is\/"},"modified":"2023-05-06T23:02:43","modified_gmt":"2023-05-06T23:02:43","slug":"buffett-says-apple-is","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/buffett-says-apple-is\/","title":{"rendered":"Buffett says Apple is Berkshire portfolio’s best business"},"content":{"rendered":"

OMAHA\/NEW YORK (Reuters) – Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc’s portfolio.<\/p>\n

“Apple is different than the other businesses we own. It just happens to be a better business,” said Buffett during Berkshire’s annual meeting in Omaha, Nebraska.<\/p>\n

Berkshire revealed a $1 billion stake in Apple in May 2016, and by March 2023 had boosted that stake to $151 billion, accounting for 46% of its $328 billion equity portfolio,<\/p>\n

Buffett has long praised Apple CEO Tim Cook, and viewed Apple less as a technology company and more as a consumer products company with a dominant product, the iPhone, that people want and need.<\/p>\n

Berkshire has recently held a 5.6% stake in Apple, and Buffett said it could buy more.<\/p>\n

\n

(Reporting by Jonathan Stempel in Omaha, Nebraska and Carolina Mandl in New York; editing by Diane Craft)<\/p>\n

\"tagreuters.com2023binary_LYNXMPEJ450BU-VIEWIMAGE\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

OMAHA\/NEW YORK (Reuters) – Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc’s portfolio. “Apple is different than the other businesses we own. It just happens to be a better business,” said Buffett during Berkshire’s annual meeting in Omaha, Nebraska. Berkshire revealed a $1 billion […]<\/p>\n","protected":false},"author":8,"featured_media":36871,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-36756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ450BU-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/36756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=36756"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/36756\/revisions"}],"predecessor-version":[{"id":36872,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/36756\/revisions\/36872"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/36871"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=36756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=36756"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=36756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}