“We haven’t changed our [Apple] holdings,” Warren Buffett told CNBC’s Becky Quick on Thursday, on the eve of the kickoff of Berkshire Hathaway’s annual shareholder meeting in Omaha this weekend.
Apple shares are up more than 32% this year, including a boost from the iPhone maker’s better-than-expected first-quarter earnings report this week.
“I was pleased with what they reported,” Buffett said, while noting he never makes investment decisions based on a single quarterly report. “What they talked about and reported is consistent with the reason we own $50 billion-plus of Apple.”
Good news for Apple in general. Warren Buffett is seen as a bellwether for stable, sane stock market analysis that doesn’t chase trends.