Following the Berkshire Hathaway annual shareholder meeting over the weekend, Warren Buffett has shared details on a sizeable Apple stock purchase his conglomerate recently made. And given the right price, Buffett said he’ll keep buying up as much AAPL as possible.

Early this year, AAPL shares dropped from highs near $180 to $150 by mid-March. Speaking to CNBC‘s Becky Quick, Buffett revealed that Berkshire Hathaway purchased $600 million worth of Apple stock after seeing it dip for three days in a row.

Notably, he said that he would have kept buying in Q1 if the price had stayed low. However, it increased back up to nearly $180 by the end of March.

“Unfortunately the stock went back up, so I stopped. Otherwise who knows how much we would have bought?” the 91-year-old investor told Quick on Sunday after Berkshire’s annual shareholder meeting.

Apple stock Q1 2022
AAPL performance in 2022

Writing in Berkshire’s annual shareholder meeting letter, Buffett praised Apple CEO Tim Cook for how he approaches customers as well as the impact of his management skill:

Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.

Buffett also endorsed Apple’s stock repurchase program which was just increased by $90 billion at the company’s latest earnings call.

Interestingly, since Buffett’s $600 million AAPL purchase in Q1, Apple stock has fallen again close to the lows of March. If $150 is in the buy range for Berkshire, the conglomerate could be picking up more shares now.

This comes in contrast to Buffett revealing last year at this time that Berkshire sold almost 10 million AAPL shares with him admitting that it was “probably a mistake.”

Berkshire Hathaway is the largest single owner of Apple shares outside of ETFs and other funds. For Berkshire, Apple makes up 47.5% of its holdings with a value of just under $160 billion.

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Michael Potuck

Michael is an editor for 9to5Mac. Since joining in 2016 he has written more than 3,000 articles including breaking news, reviews, and detailed comparisons and tutorials.