Warren Buffett is considered one of the most prolific long-term investors of all history, in fact, with his movements he has earned the nickname of The Oracle of Omaha.
As an example of this, he was known for not investing in technology companies years ago and one of his most popular moves was buying no less than 10 million Apple shares in 2016 and today he already has 895 million shares of the Cupertino company.
That figure translates to the current value per share at $143.2 billion. In terms of share volume, Buffett owns 5.8% of the company. Manzana and on a personal level, is more than 41% of your investment portfolio.
As we can see, for an investor who avoids holding investments in technology for a long time, it is an atypical situation.
However, Buffett has his reasons: “Tim Cook is one of the classiest CEOs. He understands the business and he has a product, which Steve Jobs basically invented, but Tim Cook has managed to run the company in an extraordinary way.“.
No one would take $10,000 for not using iPhone anymore
Taking into account that the wealth of their accounts is supported by 41% in the Cupertino company, the statement that opens this article is not surprising.
However, it may seem very exaggerated since we are talking about an amount of money that could rent you even after buying a latest generation Android.
“If you are an Apple user and someone offers you $10,000 with the only requirement that they take away your iPhone and you will never be able to buy another one, you are not going to accept it”
In fact, he stressed that if they make you the same proposal about a Ford car, you buy a Chevrolet or another brand, there is not so much doubt, which reinforces his point of view.
It is clear that iPhone is the device with the best integration into an Apple ecosystembut… until reaching that point and even more in the inflation situation in which we find ourselves, there is a long way to go.
Buffet plans to hold Apple stock and typically when he does this, he holds it for decades. It is also true that he is 92 years old and it was not until three years ago when he traded in his $20 Samsung non-smart phone for an iPhone 11.
That is why it is difficult for us to take this statement seriously by someone who does not know the entire Android mobile ecosystem and how well they are giving.