NEW DELHI: Warren Buffet, the billionaire chairman of Berkshire Hathaway, has said that he desires to possess 100 in line with cent stake in tech giant Apple. In an interview to an American media community, following the yearly shareholder assembly of his corporate, Buffett said, "I clearly like Apple. We buy them to hold....We bought about 5 per cent of the company. I'd love to own 100 per cent of it."
Buffett's Berkshire on Friday disclosed that it purchased an additional 75 million stocks within the first 3 months of 2018, becoming the No.2 shareholder. In the period in-between,the Apple stock surged 2 in line with cent to hit an all-time prime of $187.67.
Buffet also gave a thumbs up to the style Apple handles its budget. The once international's richest man said, "We like very much the economics of their (Apple's) activities. We like very much the management and the way they think."
Interestingly, Buffet who is known for his aversion towards generation does now not even use an iPhone. Referring to Apple's newest offering, the iPhone X, Buffett said within the interview, "A fellow sent me a '10' the other day, but I'm not using it yet," Buffett said. "Very nice fellow. He even explained it. I think he pretended he was writing to a 3-year-old child. He wrote me this very nice letter and explained what to do with it — how it wouldn't bite me or anything like that. I'm kind of screwing up my courage here and one of these days, I'll move."
"I don't even understand generation,'' added Buffett, who nonetheless uses a turn cell phone.
Responding to a question, Buffet also took a dig at cryptocurrency referring it as a "non-productive belongings very similar to gold."
Berkshire Hathaway owns greater than 90 companies, together with railroad, clothing, furniture and jewelry companies. Its insurance coverage and utility companies normally account for greater than part of the company's net source of revenue. The corporate also has primary investments in such companies as American Express, IBM and Wells Fargo & Co.
Buffett's Berkshire on Friday disclosed that it purchased an additional 75 million stocks within the first 3 months of 2018, becoming the No.2 shareholder. In the period in-between,the Apple stock surged 2 in line with cent to hit an all-time prime of $187.67.
Buffet also gave a thumbs up to the style Apple handles its budget. The once international's richest man said, "We like very much the economics of their (Apple's) activities. We like very much the management and the way they think."
Interestingly, Buffet who is known for his aversion towards generation does now not even use an iPhone. Referring to Apple's newest offering, the iPhone X, Buffett said within the interview, "A fellow sent me a '10' the other day, but I'm not using it yet," Buffett said. "Very nice fellow. He even explained it. I think he pretended he was writing to a 3-year-old child. He wrote me this very nice letter and explained what to do with it — how it wouldn't bite me or anything like that. I'm kind of screwing up my courage here and one of these days, I'll move."
"I don't even understand generation,'' added Buffett, who nonetheless uses a turn cell phone.
Responding to a question, Buffet also took a dig at cryptocurrency referring it as a "non-productive belongings very similar to gold."
Berkshire Hathaway owns greater than 90 companies, together with railroad, clothing, furniture and jewelry companies. Its insurance coverage and utility companies normally account for greater than part of the company's net source of revenue. The corporate also has primary investments in such companies as American Express, IBM and Wells Fargo & Co.
Warren Buffet doesn't use an iPhone but wants to own 100% of Apple
![Warren Buffet doesn't use an iPhone but wants to own 100% of Apple]()
Reviewed by Kailash
on
May 08, 2018
Rating:
