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
57 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
57 months ago
Tim (and us shareholders) laughing at haters all the way to the bank.
Score: 12 Votes (Like | Disagree)
MLVC Avatar
57 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
57 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
57 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
57 months ago
Warren obviously has not used iOS 11 or High Sierra...
Score: 9 Votes (Like | Disagree)

Popular Stories

apple watch ultra hammer test

YouTuber Tests Apple Watch Ultra Durability With a Hammer: Table Breaks Before the Watch

Sunday September 25, 2022 2:27 pm PDT by
A YouTuber has put Apple's claims for the durability of the Apple Watch Ultra to the test by putting it up against a drop test, a jar of nails, and repeated hits with a hammer to test the sapphire crystal protecting the display. TechRax, a channel popular for testing the durability of products, first tested the Apple Watch Ultra by dropping it from around four feet high. The Apple Watch...
tim cook spring loaded event

Six Major Products to Expect From Apple in 2023

Sunday September 25, 2022 10:57 am PDT by
As we approach the end of a busy product release season for Apple with only new iPads and Macs left to be announced over the next month or so, we're also setting our sights on 2023. Apple is rumored to have several major products in the pipeline for next year, including new Macs, a new HomePod, a VR/AR headset, and so much more. Other than new iPhones and Apple Watches, which are expected...
apple watch ultra deuglify 1

Apple Watch Ultra User Mods Titanium Casing to 'Deuglify' Design

Tuesday September 27, 2022 8:05 am PDT by
An Apple Watch Ultra user has modified their new device's casing to add a brushed finish and remove the orange color of the Action Button in an effort to make it more visually appealing. The Apple Watch Ultra offers the first complete redesign of the Apple Watch since the product line's announcement in 2014, and while the design has been met with praise from many users, some have criticized...
General iOS 16 Feature Yellow

Some iOS 16 Users Continue to Face Unaddressed Bugs and Battery Drain Two Weeks After Launch

Monday September 26, 2022 7:34 am PDT by
Today marks exactly two weeks since Apple released iOS 16 to the public. Besides the personalized Lock Screen, major changes in Messages, and new features in Maps, the update has also seen its fair share of bugs, performance problems, battery drain, and more. After major iOS updates, it's normal for some users to report having issues with the new update, but such reports usually subside in...
iPhone 14 Pro Sports Scores Dynamic Island

iPhone 14 Pro Features Live Sports Scores in Dynamic Island on iOS 16.1

Monday September 26, 2022 7:52 am PDT by
Earlier this month, Apple announced that iOS 16.1 will enable a new Live Activities feature that allows iPhone users to stay on top of things that are happening in real time, such as a sports game or a food delivery order, right from the Lock Screen. On the iPhone 14 Pro and Pro Max, Live Activities also integrate with the Dynamic Island. Premier League match in Dynamic Island via Paul Bradford ...
iPhone 14 Pros in Hand Black Background Feature

Verizon iPhone 14 Pro Customers Reporting Cellular Connection Issues

Monday September 26, 2022 6:23 am PDT by
iPhone 14 Pro customers on the Verizon network in the U.S. are reporting issues with slow and unreliable 5G cellular connections and calls randomly dropping. Several threads on Reddit (1,2,3) and the MacRumors forums chronicle issues faced by Verizon customers and Apple's latest iPhone. According to user reports, signal strength on the iPhone 14 Pro is unreliable and weak, while other...
Tim Cook Apple Event

Gurman: New iPads and Macs May Be Announced Through Press Releases, No October Event

Sunday September 25, 2022 6:50 am PDT by
Apple may decide to release its remaining products for 2022, which include updated iPad Pro, Mac mini, and 14-inch and 16-inch MacBook Pro models, through press releases on its website rather than a digital event, according to Bloomberg's Mark Gurman. In his latest Power On newsletter, Gurman said that Apple is currently "likely to release its remaining 2022 products via press releases,...
Stage Manager Extension Thumb 1

New iPadOS 16.1 Beta Expands Stage Manager to Older iPad Pro Models, Delays External Display Support

Tuesday September 27, 2022 10:24 am PDT by
The most recent beta of iPadOS 16.1 expands the controversial Stage Manager feature to older iPads, allowing it to work with iPad Pro models that have an A12X or A12Z chip, according to information Apple provided to Engadget. The beta also removes the external display support from Stage Manager for the current time, with the feature set to return in a later iPadOS 16 update. Apple's...
iOS 16

Everything New in the Latest iOS 16.1 and iPadOS 16.1 Betas: Stage Manager Expansion, Wallpaper Tweaks and More

Tuesday September 27, 2022 11:36 am PDT by
Apple today released new betas of iOS 16.1 and iPadOS 16.1 to developers, tweaking some of the functionality that's been introduced in prior betas and in the case of iPadOS 16.1, adding a major new feature to Stage Manager. We've rounded up everything new in both betas below. Wallpaper Updates Apple has updated the Wallpaper section of the Settings app to allow users to swap between...
john meyer ultra

Apple Watch Ultra Praised by Watch World Tastemaker John Mayer

Monday September 26, 2022 4:42 am PDT by
Apple Watch Ultra has been endorsed by American musician and famous watch collector John Mayer, who has been showing off the new device on his Instagram account. "Been wearing the Apple Watch Ultra for a week... and it's great," writes Mayer over a photo of the watch. "The first Apple Watch that excited me as a mechanical watch collector." "It's loaded with capability and what I call...