Why Warren Buffett Loves Apple
With a market capitalization of $2.5 trillion, Apple (NASDAQ: AAPL) is one of the world's largest companies. And one of Apple's biggest fans happens to be Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).
Since Buffett's lieutenants initially bought Berkshire's first 10 million shares in 2016, Buffett has come to appreciate Apple's business. He has since ditched his flip phone for an iPhone, continued to build Berkshire's stake in Apple, and heaped praise on the company.
Currently comprising nearly 40% of Buffett's portfolio, Apple represents Berkshire's third-largest holding. Let's take a closer look at why Buffett thinks Apple is the greatest company in the world.
Source Fool.com
