Warning, this one went long: Bryan Chaffin and Jeff Gamet discuss what Apple’s share buybacks say about Apple’s future. They also weigh WhatsApp’s founder leaving Facebook, and what it says about Facebook and Mark Zuckerberg. They go over when diving into Google Duplex, a demonstration that was as awesome as it was devoid of real value.
Check out this compilation video CNBC made covering everything Warren Buffett said about Apple since 2011. It ranges from not owning Apple, but thinking highly of the company to buying Apple because of the value of its ecosystem. There’s also a mention of a conversation he had with Steve Jobs, who asked the Oracle of Omaha what he should do with all of Apple’s cash. Mr. Buffett’s advice then was to buy back shares, a strategy Apple has followed with zeal in the years since Mr. Jobs’s passing. Mr. Buffett is a very big deal in investing circles, and it’s an interesting to see his thoughts on Apple evolving over time. There was another interview with Warren Buffett and Bill Gates about Apple on Monday, and Mr. Buffett’s Berkshire Hathaway now owns $43 billion in AAPL stock.
Former Microsoft chairman Bill Gates called Apple an “amazing company” on CNBC Monday, while Berkshire Hathaway chairman Warren Buffett said he liked Apple because of the way consumers make the company’s products a part of their lives.
Dissipating (and unfounded) fears of slow iPhone X sales and a record March quarter combined with news that Warren Buffett bought 75 million more shares of Apple to push the stock to a record closing high.