After buying 75 million AAPL shares, entrepreneur and economist Warren Buffett says he believes more and more in Apple and wants to invest even more.
At the annual meeting with Berkshire Hathaway shareholders, Buffett praised Apple for its “extremely sticky products, able to connect customers to its ecosystem.” It is precisely for this reason that Buffett announced that it would still invest in AAPL titles: “We really like the business of their company. And we really like their management, their way of thinking and their way of acting, “he said with a smile.
Berkshire Hathaway is currently the third largest shareholder of Apple. Buffett also praised Apple’s announcement of a $ 100 billion share buyback program. Indeed, the company plans to use part of its cash to buy the shares and increase dividends.
Buffett appreciated this proposal as it could increase Berkshire’s stake in Apple by 5% due to the lack of shares outstanding.