Value of Berkshire HathawayApple shares rose more than 5% in Friday’s trading as Apple stocks surged more than $8Billion on strong earnings reports.

Apple reported December quarter earnings on ThursdayIt posted nearly $124 billion in annual sales, with strong growth in all product lines except the iPad. Particularly interested in CEOs were investors. Tim Cook’s remarksThis supply chain headaches are improving.

Berkshire Hathaway, who began accumulating Apple stock back in 2016, now has 887,136,000 shares. This is more than 5% of Apple’s total stock outstanding, according FactSet data.

Since 2016, Buffett has been an Apple supporter to the greatest extent. However, Buffett initially thought high-flying tech investments too risky for Berkshire Hathaway and started purchasing Apple shares. Apple currently makes up more than 40% of Berkshire Hathaway’s portfolio.

Apple pays regular dividends which Buffett believes is attractive in his investment philosophy.

Apple stock isn’t something I consider. Buffett stated that Apple was his third business and that he considers it to be the “best business I’ve ever seen in the entire world” in 2020.

Buffett also argued that Apple’s iPhone ecosystem was “a great thing.”stickyCustomers are encouraged to update their software regularly. This makes the company a more safe investment than any tech company.

Cook also gave praise to Berkshire for its investment in Apple. “We manage the company over the long-term. Cook: “It’s amazing that we have the ultimate long-term shareholder in the stock. told CNBC in 2019.

Although the admiration shared by these two titans of business goes well beyond investment, it extends to more than just that. Apple published for the first time a video game in 2019. based on Buffett’s childhoodIt was also presented to shareholders at Berkshire Hathaway’s meeting.