Warren Buffett says he sold Apple too soon and would buy more of it, though not in this market
Warren Buffett said he sold Apple would buy more soon and even if not in the current market.
“I sold too early. But I bought even earlier,” Buffett said in an interview with CNBC’s Becky Quick on “Squawk Box” on Tuesday, where he announced he was bringing back the famous charity dinner.
apple remains Berkshire Hathaway It’s still the largest holding company even after the conglomerate reduced its stake to $61.96 billion at the end of last year, according to InsiderScore.
But Buffett said Tuesday that he will continue to add positions if they become cheaper. He said the iPhone maker is not yet attractive, despite falling more than 14 percent from its recent high and falling more than 6 percent this month. This comes amid turmoil in the broader market, as well as Dow Jones Industrial Average And Nasdaq Composite in a fix.
Apple’s year-to-date performance
“I’m very happy that it’s our largest holding,” Buffett said. “I wasn’t happy with it being almost as big as everything else put together.”
“It’s not impossible for Apple to reach a price, we’ll take most of them,” he added. “But not in this market.”
Buffett said the firm earned more than $100 billion from the pre-share tax and commented favorably on Tim Cook’s management of the firm against Steve Jobs.
“Tim Cook did a better job with the hand. Steve Jobs – he couldn’t have done what Steve Jobs did – but Steve Jobs gave him a hand that Steve couldn’t do,” Buffett said.
“Tim was a great manager, a nice guy and somehow gets along with everyone in the world,” he added. “This was a technique I couldn’t have; my partner Charlie Munger, for example, certainly couldn’t have had it.”
Buffett resigned as CEO of Berkshire in early 2026 after six decades of leading the conglomerate. He remains chairman of the company.
