Warren Buffett needs no special introduction. Known as the world's leading investor, he made interesting comments about apple, one of the world's largest companies. Moreover not only did he mention the two people who were key in making apple such a big company who is the greatest. He said it in his own style. Moreover, he showered praises on his company Berkshire, saying that he had not done as much for his company. Buffett made these comments at his company's annual meeting.
Speaking about the key role played by apple in his company, Buffett said, "Tim Cook has done more for Berkshire than I have. I have to give him credit for what he has done. I know Steve Jobs a little bit. No one else can do what he did. Steve was able to create Apple. But no one can grow the company as big as Tim." It is known that Tim Cook took over as CEO of apple in 2011 after Steve Jobs. In fact, Apple's share price increased significantly during Tim Cook's tenure. Now, if we look at the relationship between Buffett's company Berkshire, and apple, the company invested about $35 billion in apple between 2016-19, which increased to $173 billion by 2023. Although apple gave a huge return on its investment, it sold 67 percent of its shares in apple in 2024. He only held 300 million shares.
Apple's current share price is $205. The value of apple shares held by Buffett's company is now said to be $62 billion. Now as for Warren Buffett, he made a key announcement at a recent meeting. He said that he would retire. By saying that he would step down as CEO of the company by the end of this year. This investment guru announced the time to put a full stop to his long business career.
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warren buffet

Sowmiya Sriram

05/05/2025 02:07 PM