All eyes are on Apple’s annual event as the company is expected to unveil its first-ever foldable iPhone. While Apple shareholders will keenly watch how the stock reacts after the launch, the stock remains legendary investor Warren Buffett's favourite.
Buffett first bought Apple shares in 2016, and it has grown into Berkshire's single biggest position. It accounts for nearly 22% of the conglomerate's roughly $263 billion equity portfolio. Berkshire invested about $35 billion in Apple during the period between 2016 and 2018. That $35 billion investment then rapidly surged to around $185 billion before tax, including dividends and gains, Buffett was quoted by Business Insider as saying. "And I didn't have to do a damn thing," he added.
