Billionaire investor Charlie Munger says Apple is “ungodly well-managed.” Munger made the comments during an interview with Yahoo Finance.
The Berkshire Hathaway vice chairman told Yahoo Finance Editor-in-Chief Andy Serwer:
I think Apple is one of the strong companies and will stay a strong company. I think it’s ungodly well-managed.
Apple is Berkshire Hathaway’s largest stock holding, making it a significant piece of the conglomerate holding company’s value. Berkshire Hathaway has in recent years increased its stake in Apple and other big tech companies such as Amazon.
Munger said that he is most impressed by Apple:
I judge the strength of the company based on how much the customers love it. And I’ve got zillions of friends who they’d almost part with their right arm before they’d part with their iPhone. That’s a hugely powerful position to be in.
Berkshire Hathaway chairman Warren Buffett is often an Apple cheerleader and the company owned 5.5% of Apple’s available stock with 907.6 million shares as of September 2021.
Apple’s most recent quarterly revenue hit $123.9 billion, which is an all-time record for the Cupertino company. Last month, the company became the first company to be worth three trillion dollars.
(Via MacRumors)
