Warren Buffett's Berkshire Hathaway has around 50% of its portfolio invested in tech titan Apple, owning about 5.8% of the company. Buffet, who is known for avoiding tech stocks, began buying Apple shares in 2016. The company attracts Buffett's investment due to its well-managed operations, strong competitive advantage, and dividend payments that share profits with investors. Apple's large installed base of devices and growing services revenue provide a solid moat against competition. Buffett also likes that Apple pays dividends, which have averaged $775 million annually for Berkshire.
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00:00 It's Benzinga and here's what's on the block. Warren Buffett's Berkshire Hathaway has around
00:04 50% of its portfolio invested in tech titan Apple, owning about 5.8% of the company.
00:09 Buffett, who is known for avoiding tech stocks, began buying Apple shares in 2016.
00:13 The company attracts Buffett's investment due to its well-managed operations,
00:16 strong competitive advantage, and dividend payments that share profits with investors.
00:20 Apple's large installed base of devices and growing services revenue provide a solid
00:24 moat against competition. Buffett also likes that Apple pays dividends, which have averaged
00:28 $775 million annually for Berkshire. For all things money visit Benzinga.com