Apple's Stock Price Reaches All-Time High as Warren Buffett Continues to Praise Company

Apple's stock price has established a new all-time high, as shares exchanged hands for slightly above $187 in intraday trading today.

buffett aapl
Apple's stock price has been steadily increasing for over a week, driven by the company's successful earnings report on May 1 and Berkshire Hathaway buying 75 million additional Apple shares in the first three months of 2018. North American stock markets have also been rallying in general since Friday.

Berkshire Hathaway now holds 240.3 million shares in Apple, worth over $44 billion at the stock's current price, and the holding company's billionaire CEO Warren Buffett continues to praise the company with bullish comments.

"I clearly like Apple… we bought about five percent of the company. I'd love to own 100 percent of it," he quipped, in an interview with CNBC. "We like very much the economics of their activities, and we like very much the management and the way they think, and the way they act," he added.


Buffett was only joking about his intention of owning 100 percent of Apple shares, which wouldn't be possible due to financial and regulatory considerations, but the comment is a testament to his confidence in the iPhone maker.

Buffett wasn't the only billionaire to offer praise, as Microsoft co-founder Bill Gates said Apple is an "amazing company" in an interview with CNBC, at Berkshire Hathaway's annual meeting. "The top tech companies do have a very strong profit position right now but Apple has the most of all."

Apple now has a market cap fluctuating around the $915 billion mark, as it inches closer to becoming the world's only trillion dollar publicly traded company. Amazon is second closest to that milestone, with a market cap around the $775 billion mark, followed by Microsoft and Google's parent company Alphabet.

In a research note following Apple's earnings results last week, Apple-focused analyst Brian White said Apple remains "one of the most underappreciated stocks in the world with a valuation that remains depressed."

"After the Apple supply chain came crashing down over the past couple of weeks and the market quickly cast an ominous dark cloud over Apple's stock, the company delivered strong second quarter results last night and a solid outlook," wrote White, in a note obtained by MacRumors. "Moreover, Apple minted a new $100 billion stock repurchase program and hiked its dividend by 16 percent."

Looking ahead, Apple's guidance of between $51.5 billion and $53.5 billion in revenue in the third quarter of its 2018 fiscal year would be an all-time high for that period. Its current record for the quarter is $49.6 billion in 2015.

Tag: AAPL

Top Rated Comments

OldSchoolMacGuy Avatar
45 months ago
Been listening to CNBC this morning ... Buffett talked about making his AAPL buy decisions based-upon watching his Grandkids with their Apple products.

I seriously doubt Buffett knows just how fragile AAPL really is !

Knowledge is Power, & in this case, Buffett appears to have very little !

He does, however, a blind following who would have NO problems following him over a cliff !
You're completely wrong here. He's very aware of where Apple is at. Far more so than you. You're kidding yourself if you think he's been invested in Apple for years purely because of how his grand kids use Apple products. He's researched them thoroughly and understands their earnings and position in the market better than most. You don't get to his level simply by investing in things you see others investing in without further understanding.
Score: 29 Votes (Like | Disagree)
djcerla Avatar
45 months ago
Tim (and us shareholders) laughing at haters all the way to the bank.
Score: 12 Votes (Like | Disagree)
MLVC Avatar
45 months ago
Been listening to CNBC this morning ... Buffett talked about making his AAPL buy decisions based-upon watching his Grandkids with their Apple products.

I seriously doubt Buffett knows just how fragile AAPL really is !

Knowledge is Power, & in this case, Buffett appears to have very little !

He does, however, a blind following who would have NO problems following him over a cliff !
Tell me, how fragile is AAPL? Really, share your insights that even Buffett doesn't seem to have. I'm curious.
Score: 11 Votes (Like | Disagree)
az431 Avatar
45 months ago
Been listening to CNBC this morning ... Buffett talked about making his AAPL buy decisions based-upon watching his Grandkids with their Apple products.

I seriously doubt Buffett knows just how fragile AAPL really is !

Knowledge is Power, & in this case, Buffett appears to have very little !

He does, however, a blind following who would have NO problems following him over a cliff !
I've been hearing this illogical and baseless nonsense for nearly 20 years, over which time my investment in Apple has risen abut 12,500%.
Score: 10 Votes (Like | Disagree)
826317 Avatar
45 months ago
The stock market is a weird thing. The comments of one man, albeit a very wealthy man, can increase the stock price of one he's heavily invested in.
Score: 9 Votes (Like | Disagree)
Bryan Bowler Avatar
45 months ago
Warren obviously has not used iOS 11 or High Sierra...
Score: 9 Votes (Like | Disagree)

Related Stories

studio buds family

Beats Studio Buds Debuting Today With Active Noise Cancellation, Stemless Design, and More for $150

Monday June 14, 2021 8:00 am PDT by
We've seen a lot of teasers about the Beats Studio Buds over the past month since they first showed up in Apple's beta software updates, and today they're finally official. The Beats Studio Buds are available to order today in red, white, and black ahead of a June 24 ship date, and they're priced at $149.99. The Studio Buds are the first Beats-branded earbuds to truly compete with AirPods...
YouTube Picture in Picture Feature

YouTube Premium Subscribers Can Now Use iOS Picture-in-Picture: Here's How

Wednesday August 25, 2021 3:55 am PDT by
Google has rolled out picture-in-picture support as an "experimental" feature for YouTube premium subscribers, allowing them to watch video in a small window when the app is closed. If you're a premium YouTube subscriber looking to try out picture-in-picture, follow these steps: Launch a web browser and sign into your YouTube account at YouTube.com. Navigate to www.youtube.com/new. Scroll...
gradiente iphone white

Brazilian Electronics Company Revives Long-Running iPhone Trademark Dispute

Tuesday May 19, 2020 1:06 pm PDT by
Apple has been involved in a long-running iPhone trademark dispute in Brazil, which was revived today by IGB Electronica, a Brazilian consumer electronics company that originally registered the "iPhone" name in 2000. IGB Electronica fought a multi-year battle with Apple in an attempt to get exclusive rights to the "iPhone" trademark, but ultimately lost, and now the case has been brought to...
youtube apple tv

YouTube Discontinuing 3rd-Generation Apple TV App, AirPlay Still Available

Wednesday February 3, 2021 3:09 pm PST by
YouTube is planning to stop supporting its YouTube app on the third-generation Apple TV models, where YouTube has long been available as a channel option. A 9to5Mac reader received a message about the upcoming app discontinuation, which is set to take place in March.Starting early March, the YouTube app will no longer be available on Apple TV (3rd generation). You can still watch YouTube on...
ryanscoolios13thumbnail

Apple Releases iOS 13.1.3 With Bug Fixes for Phone, Mail, Health, and More

Tuesday October 15, 2019 10:09 am PDT by
Apple today released iOS 13.1.3 and iPadOS 13.1.3, minor updates to the iOS 13.1.2 software that was released two weeks ago. This is the fourth update to the iOS 13 operating system that came out in September. The iOS and iPadOS 13.1.3 updates are available on all eligible devices over-the-air in the Settings app. To access the updates, go to Settings > General > Software Update....
bluetti eb70 main

MacRumors Giveaway: Win a Bluetti EB70 Portable Power Station and 200W Solar Panel

Friday September 3, 2021 11:13 am PDT by
For this week's giveaway, we've teamed up with MAXOAK to offer MacRumors readers a chance to win a Bluetti portable power station and an accompanying solar panel. Bluetti makes a range of portable power station options that are useful for camping, emergencies, power outages, off-grid living, and similar situations. The Bluetti EB70 is a solid middle of the road option that offers 716Wh and...
M1X MBP Feature

Leaker: Upcoming MacBook Pro to See Price Hike Over Current Model, Equal Performance Across 14 and 16-Inch Sizes

Tuesday August 24, 2021 5:28 am PDT by
The upcoming 14-inch MacBook Pro is set to be more expensive than the current 13-inch MacBook Pro and both the 14 and 16-inch models will offer the same performance, according to the leaker known as "Dylandkt." The leaker shared the information on Twitter, explaining that both of the upcoming MacBook Pro models, expected to come in 14 and 16-inch sizes, will feature the same performance due...
iphone 13 teal with text

Apple Expecting iPhone and iPad Supply Constraints in September Quarter

Tuesday July 27, 2021 2:34 pm PDT by
During today's earnings call covering the third fiscal quarter of 2021 (second calendar quarter), Apple CFO Luca Maesteri said that Apple is expecting supply constraints to affect the iPhone and the iPad in the coming quarter. "The supply constraints that we've seen in the June quarter will be higher in the September quarter," said Maestri. The constraints will impact iPhone and iPad sales...
os x mountain lion macs 16x9 2

Apple Makes OS X Lion and Mountain Lion Free to Download

Wednesday June 30, 2021 12:19 pm PDT by
Apple recently dropped the $19.99 fee for OS X Lion and Mountain Lion, making the older Mac updates free to download, reports Macworld. Apple has kept OS X 10.7 Lion and OS X 10.8 Mountain Lion available for customers who have machines limited to the older software, but until recently, Apple was charging $19.99 to get download codes for the updates. As of last week, these updates no...
maxresdefault

Craig Federighi and Greg Joswiak Discuss iPadOS 15, macOS Monterey, Privacy, Shortcuts on Mac, and More

Saturday June 12, 2021 6:12 am PDT by
As is tradition, Apple executives Craig Federighi and Greg Joswiak joined Daring Fireball's John Gruber in an episode of The Talk Show to discuss several announcements that Apple made over this weeks WWDC, including iPadOS 15, macOS Monterey, and a large focus around privacy. Federighi kicks off the conversation discussing the common architecture, now thanks to Apple silicon, across all of...