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Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc's portfolio, reports Reuters.
"Apple is different than the other businesses we own. It just happens to be a better business," said Buffett during Berkshire's annual meeting in Omaha, Nebraska.
Berkshire revealed a $1.0 billion stake in Apple in May 2016, and by March 2023 had boosted that stake to $151 billion, accounting for 46 per cent of its $328 billion equity portfolio.
Buffett has long praised Apple CEO Tim Cook, and viewed Apple less as a technology company and more as a consumer products company with a dominant product, the iPhone, that people want and need.