Warren Buffett said he sold Apple too early and would buy more of it, although not in the current market.
“I sold it too early. But I bought it even earlier,” Buffett said Tuesday in an interview with CNBC’s Becky Quick on “Squawk Box,” in which he announced he was bringing back his famous charity dinner.
Apple remains Berkshire Hathaways According to InsiderScore, this is the largest holding, even after the conglomerate reduced its stake to $61.96 billion late last year.
However, Buffett said on Tuesday that he would continue to add to the position if it becomes cheaper. He said the iPhone maker was still not attractive, even after falling more than 14% from its recent peak and more than 6% this month. This comes amid turmoil in the broader market Dow Jones Industrial Average and the Nasdaq Composite in a correction.
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Apple year-to-date performance
“I’m very happy that it’s our largest holding,” Buffett said. “I wasn’t happy that it was as big as almost everything else combined.”
“It’s not impossible that Apple would agree on a price, we would buy a lot of it,” he added. “But not in this market.”
Buffett said the company earned more than $100 billion in shares before taxes and spoke favorably of Tim Cook’s leadership of the company over Steve Jobs.
“Tim Cook did better with the hand. Steve Jobs – he couldn’t have done what Steve Jobs did – but Steve Jobs gave him a hand that Steve wouldn’t have done as well,” Buffett said.
“Tim was a fantastic manager, he’s a good guy and somehow he gets along with everyone in the world,” he added. “This is a technique that I, for example, would not have had, and certainly not my partner, Charlie Munger, would have had.”
Buffett stepped down as CEO of Berkshire in early 2026 after leading the group for six decades. He remains CEO of the company.
Read more from the CNBC interview with Warren Buffett
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