Apple has been lauded as “ungodly well-managed” by billionaire investor Charlie Munger, Yahoo Finance reports.
In an exclusive interview, 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 now Berkshire Hathaway’s largest stock holding, and the stake is a significant proportion of the value of the conglomerate holding company itself. In recent years, Berkshire Hathaway has sought to bolster its stake of Apple and other big tech companies such as Amazon. Munger emphasized 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 often praises Apple’s success and, as of September 2021, the company owned 5.5 percent of Apple with 907.6 million shares.
Last month, Apple became the world’s first company worth three trillion dollars. At its last earnings report, Apple reported quarterly revenue of $123.9 billion, an all-time quarterly record for the company. On a category-by-category basis, the company also set all-time quarterly revenue records for the iPhone, Mac, Wearables, and Services.
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