Warren Buffett doubled investment in favorite stock Apple to $77 billion, bullish for market.

From Nasdaq: 2024-07-22 05:21:00

Warren Buffett’s success as CEO of Berkshire Hathaway has been unparalleled, with a 5,350,000% return for Class A shares over almost 60 years. His portfolio concentration strategy, with 75% of the $416 billion investment portfolio in just five stocks, includes his favorite stock, Apple, valued at $77 billion, despite recent selling for tax reasons. Apple’s growth in the smartphone market, focus on subscription services, and share repurchases make it a strong investment. Buffett’s aggressive share repurchase policy, influenced by the easy criteria set by Berkshire Hathaway’s board in 2018, helps increase shareholder ownership and EPS. With Berkshire’s cash pile growing consistently, Buffett continues to buy back shares and increase his ownership stake in his favorite stock.



Read more at Nasdaq: Billionaire Warren Buffett Has Purchased $77 Billion of His Favorite Stock, Which Is More Than Double What He’s Spent Buying Shares of Apple!