Investor and billionaire Warren Buffett thinks that Apple will be the first company in the world, the cost of which will exceed $1 trillion. He declared it in interview to TV channel CNBC Now. At the moment the capitalization of the fruit of the giant exceeds $719 billion.
According to Buffett, his company, Berkshire Hathaway more than doubled the possession of Apple stock during the period from the beginning of 2017 to the latest financial report (31 January).
Following the transaction, the share of Berkshire Hathaway in the Apple has reached 2.5% in circulation. And now Apple is the second largest asset after Berkshire Hathaway Coca-Cola.
Now the businessman owns shares of Apple at $17 billion At the question of the TV channel, why he buys securities, a California-based company, Buffett replied: “Because I like them!” He noted that the decision to increase the stake in the iPhone maker due to the fact that Apple creates products that can deter consumers. And its head Tim cook skillfully implementing a strategy deployment of capital.
When the legendary investor asked which company, in his opinion, was the first to reach value of $1 trillion, he said that he would put on Apple.
“I’d bet on Apple, simply because they have a strong position,” he said.
Warren Buffett predicts that Apple will be the first company to reach $1 trillion in market value. https://t.co/0vG1hQLAYR pic.twitter.com/1a2od9DewG
— CNBC Now (@CNBCnow) February 27, 2017.
Buffett said that he doesn’t have his iPhone and iPad he uses, he, apparently, someone borrowed it. But acknowledged that Apple products are quite “clingy”, but at the same time “extremely useful” for people who used them.