Joking of course but Buffett feels Apple will have a market cap of 2 TRILLION within a few short years….WOW, that’s a lot of confidence…
John Warren Buffett Betting That Apple Is Worth $2 Trillion: Whitney Tilson Warren Buffett's bet on Apple is not a short-term trade by any means. Buffett expert and former hedge fund manager Whitney Tilson explains Buffett's thinking on the tech giant. Brian Sozzi <safari-reader://www.thestreet.com/author/1279769/brian-sozzi/all.html> Apple (AAPL <safari-reader://www.thestreet.com/quote/AAPL.html> - Get Report <https://urldefense.proofpoint.com/v2/url?u=https-3A__secure2.thestreet.com_cap_prm.do-3FOID-3D000000-26ticker-3DAAPL&d=DwIFaQ&c=OAG1LQNACBDguGvBeNj18Swhr9TMTjS-x4O_KuapPgY&r=F2GFXrjLFqVo3VwvIlo_XYeEiRRjHv15rxcenz7A21woG2aFGcrzndoSsskxfmOs&m=9t0D86vc1lqIS5ITn3V4s7Zu2KjGfx-g26V5yEUsoDA&s=xojeJ1JJ-GqDm-44TR7c9VI4ihOSjoI462iIuDL_42Q&e=>) to $1 trillion? Who cares. The real bet is the one Berkshire Hathaway's (BRK.A <safari-reader://www.thestreet.com/quote/BRK.A.html> - Get Report <https://urldefense.proofpoint.com/v2/url?u=https-3A__secure2.thestreet.com_cap_prm.do-3FOID-3D000000-26ticker-3DBRK.A&d=DwIFaQ&c=OAG1LQNACBDguGvBeNj18Swhr9TMTjS-x4O_KuapPgY&r=F2GFXrjLFqVo3VwvIlo_XYeEiRRjHv15rxcenz7A21woG2aFGcrzndoSsskxfmOs&m=9t0D86vc1lqIS5ITn3V4s7Zu2KjGfx-g26V5yEUsoDA&s=i8xG1NdABa7pvVvziZfASqWJo_-eutMyFCLGmkw0DBo&e=>) (BRK.B <safari-reader://www.thestreet.com/quote/BRK.B.html> - Get Report <https://urldefense.proofpoint.com/v2/url?u=https-3A__secure2.thestreet.com_cap_prm.do-3FOID-3D000000-26ticker-3DBRK.B&d=DwIFaQ&c=OAG1LQNACBDguGvBeNj18Swhr9TMTjS-x4O_KuapPgY&r=F2GFXrjLFqVo3VwvIlo_XYeEiRRjHv15rxcenz7A21woG2aFGcrzndoSsskxfmOs&m=9t0D86vc1lqIS5ITn3V4s7Zu2KjGfx-g26V5yEUsoDA&s=g1YEJSM_PyZOe5PJ3USHUHJnXQbMtWy8eCH35LQ7dAg&e=>) chief Warren Buffett may be making: $2 trillion Apple valuation. "He clearly views it as a long-term hold, and it will certainly compound over $1 trillion in the not too distant future -- and then double again in the next five years," says former hedge fund manager and Buffett expert Whitney Tilson. "I don't think it's a bad bet, as a Berkshire shareholder I am happy he owns Apple." The billionaire's holding conglomerate Berkshire Hathaway hiked its stake in Apple by a whopping 23% to 165.3 million shares in the fourth quarter, according to a filing <https://urldefense.proofpoint.com/v2/url?u=https-3A__www.thestreet.com_story_14488920_1_warren-2Dbuffett-2Djust-2Dquieted-2Dall-2Dthe-2Dapple-2Dhaters-2Dand-2Dthat-2Dis-2Dreally-2Dbullish.html&d=DwIFaQ&c=OAG1LQNACBDguGvBeNj18Swhr9TMTjS-x4O_KuapPgY&r=F2GFXrjLFqVo3VwvIlo_XYeEiRRjHv15rxcenz7A21woG2aFGcrzndoSsskxfmOs&m=9t0D86vc1lqIS5ITn3V4s7Zu2KjGfx-g26V5yEUsoDA&s=0biW0W-e7GRhyu9uMdSkUJUHzmYtJj6H5NtIQz-xVvs&e=>earlier in the year. Buffett has shown a voracious appetite to eat up Apple as the tech giant returns massive amounts of cash to shareholders via dividends and buybacks. It doesn't hurt that Apple's iPhone remains a dominant force in the smartphone market and services revenues is strong. In the third quarter, Buffett upped his stake in Apple by roughly 3% to about 134 million shares. Berkshire acquired its first stake <https://urldefense.proofpoint.com/v2/url?u=https-3A__www.thestreet.com_story_14374870_1_warren-2Dbuffett-2Dapple-2Dinvestment.html&d=DwIFaQ&c=OAG1LQNACBDguGvBeNj18Swhr9TMTjS-x4O_KuapPgY&r=F2GFXrjLFqVo3VwvIlo_XYeEiRRjHv15rxcenz7A21woG2aFGcrzndoSsskxfmOs&m=9t0D86vc1lqIS5ITn3V4s7Zu2KjGfx-g26V5yEUsoDA&s=dgMDBq41VlZV5P-rcupgHpU2T38tRZRJJnfX22hAiIU&e=> in Apple in May 2016. At the time, the conglomerate said that it purchased 9.8 million shares during the first quarter at an average price of about $109 a share. Apple's shares are now closing in on $200 and a $1 trillion valuation.
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