Warren Buffett, the chairman and former CEO of the holding conglomerate Berkshire Hathaway (NYSE: BRK.A), has said that he likely sold shares of Apple (NASDAQ: AAPL) “too soon” and would consider buying more.
After successfully conquering the smartphone and PC market, Apple must now prove that it can innovate for the AI era.
Warren Buffett has never been shy about admitting when he got something wrong. But his latest admission carries a particular sting: when pressed on his decision to trim Berkshire Hathaway's Apple position, the Oracle of Omaha offered a characteristically candid four-word verdict.
Warren Buffett said he sold Apple too soon and would buy more of it, though not in the current market. "It's not impossible that Apple would get to a price, we would buy a lot of it," Buffett told CNBC's Becky Quick.
The markets are in no mood for risk. The CNN Fear & Greed Index sits at 13 — firmly in Extreme Fear — after previously closing at 8, its lowest level since 2022, when Terraform Labs and its algorithmic stablecoin, TerraUSD, collapsed, wiping out over 440 billion in market capitalization in one week and triggering a widespread cryptocurrency market crash.
In the early 1970s, the idea of an ordinary person owning a computer sounded absurd. Computers back then were more like aircraft carriers or nuclear power plants than household appliances—vast machines housed in data centers operated by teams of specialists, serving governments, universities and large corporations.
Apple Inc (NASDAQ:AAPL) stock is down 0.9% to trade at $246.53 at last check, as the Magnificent Seven tech titan wrangles with a 9.3% year-to-date deficit.
Formula One Group is rated Buy with an $85.15 price target, reflecting a 13.36% upside despite recent race cancellations. Cancellation of Bahrain and Saudi Arabian GPs creates a temporary revenue headwind, but diversified revenue streams, especially media rights, provide resilience. Apple's new five-year exclusive U.S. rights deal boosts media rights revenue by 56%, offsetting promoter fee losses and expanding F1's reach via Apple TV+ and Netflix.
Apple (NASDAQ: AAPL | AAPL Price Prediction) went public on December 12, 1980, selling shares at what would become a split-adjusted fraction of a penny.
Apple is reportedly focused on hardware and services as its rivals pull ahead in artificial intelligence. That's according to Bloomberg News' Mark Gurman, who made his case Sunday (March 29) in his regular newsletter about Apple.
Apple has picked a former Google executive to run its artificial intelligence marketing effort. As Reuters reported Friday (March 27), Lilian Rincon, who had spent nine years with Google heading its shopping and assistant tools, will now serve as Apple's vice president of product marketing for AI.
Apple celebrates its 50th anniversary as artificial intelligence challenges the Silicon Valley legend to prove it can deliver yet another culture-changing innovation.