April 14, 2023, 12:44 pm EDT
Warren Buffett is a huge fan of Apple stock, and one key reason is its fanatically loyal customer base.
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FAQs
Warren Buffett Loves Apple Stock and iPhone-User Loyalty? ›
Despite being a self-described Luddite, Buffett has long had a coherent non-techie thesis for loving Apple. He's seen how devoted Apple users are to their devices, and has viewed the iPhone as an extraordinary product that could keep its customers spending inside the Apple ecosystem.
What did Warren Buffett say about Apple stock? ›According to Berkshire Hathaway's most recent 13F filing, Buffet sold 116 million shares of Apple (NASDAQ: AAPL) during the first quarter. Just three years ago, Buffett proclaimed that Apple was "probably the best business I know in the world" during an interview on CNBC.
Did buffet reduce stake in Apple? ›Warren Buffett's Berkshire Hathaway has cut its stake in Apple, apparently for tax reasons. The conglomerate's first quarter earnings report — released Saturday — showed the company's investment in the tech giant at $135 billion.
How much does Warren Buffett earn from Apple dividend? ›Berkshire Hathaway will receive about $789.4 million in dividends annually from its investment in Apple, which does not include reinvesting those dividends. If those dividends were reinvested, the annual dividend income would grow along with its total share count in its portfolio.
Why does Berkshire Hathaway own so much Apple stock? ›Berkshire's evolving Apple position
As of the end of 2023, Berkshire held 905.6 million shares. Apple has become Berkshire's largest holding because the buying spree between 2016 and 2018 proved to be a genius move. Apple stock is up 366.6% between the end of 2018 and Feb.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Berkshire Hathaway Inc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Fmr Llc, Morgan Stanley, and Price T Rowe Associates Inc /md/ .
What does Warren Buffett look for in a stock? ›Buffett looks for companies with a durable competitive advantage, such as a strong brand, high barriers to entry, or a large and loyal customer base, and invests in them at a price that provides a margin of safety.
Does buffet use iPhone? ›Warren Buffett slashed his Apple stake then found himself forced to work from his iPhone. The investor turned to the device after phone lines went down this week at Berkshire Hathaway HQ.
Does Warren Buffet use Apple products? ›Buffett told CNBC's Becky Quick in February 2020 that he uses his iPhone "as a phone" and doesn't use "all its facilities like most people."
What is Warren Buffett's favorite dividend stock? ›Buffett loves The Coca-Cola Company (NYSE: KO) and its soft drinks. Coca-Cola has been in Berkshire's portfolio longer than any other stock. Buffett views co*ke as one of the stocks Berkshire will never sell. It's a Dividend King with 62 consecutive dividend increases.
How much does Coca-Cola pay Warren Buffet in dividends? ›
The Dividend Growth Machine
In 1994, Berkshire Hathaway received a $75 million cash dividend from Coca-Cola. By 2023, that annual dividend had grown to $736 million.
Almost half of the total portfolio
It owns nearly 790 million shares of Apple stock, or a 5.1% stake in the company. Buffett recently grouped Apple together with American Express and Coca-Cola as stocks he plans to hold forever.
On 1 July 2014, Apple's share price was $23.90. Ten years later, on 1 July 2024, its share price was $234.82 — nearly ten times as much! From these prices, we can work out that Apple stock delivered an impressive average annual return (CAGR) of 25.67%.
What does Warren Buffett drive? ›Despite being the sixth-richest person globally, Warren Buffett continues to drive a 2014 Cadillac XTS he purchased with hail damage. Although he can afford any luxury vehicle, Buffett prefers the practicality of his 10-year-old car.
What was the cheapest Apple stock ever? ›The lowest closing price for Apple (AAPL) all-time was $0.04, on July 8, 1982. The latest price is $217.96.
Is Apple stock a buy? ›Is AAPL a Buy, Sell or Hold? Apple has a consensus rating of Moderate Buy which is based on 25 buy ratings, 9 hold ratings and 1 sell ratings.
Why is Warren Buffett dumping stocks? ›Warren Buffett is selling stocks because he's getting out at the market high, Paul Dietrich told BI. The Berkshire Hathaway CEO will pile back in once a crash or recession hits, the strategist said.
Does Berkshire Hathaway still hold Apple? ›Berkshire Hathaway significantly reduced its stake in Apple stock during the first quarter, though it remains by far Berkshire's biggest stock holding.
How much is Apple stock buy back? ›Apple isn't new to large buybacks; the company did a $100 billion buyback in 2018 and continued through 2021-2023 with $90 billion each year.