Billionaire Investor Thinks Apple Is Very Well Managed

Charlie Munger, an American billionaire investor, vice president of Berkshire Hathaway, really thinks that Apple is a company well managed by Tim Cook and the whole team.

Good management for Apple

“I think Apple is one of the strongest companies and will remain a strong company. I think she is incredibly well managed”he said in an interview with Yahoo Finance. It must be said that Berkshire Hathaway knows Apple well. Indeed, the conglomerate is an investor in the iPhone maker. Last September, the group held 5.5% of Apple with 907.6 million shares. Moreover, Apple is now the company in which Berkshire Hathaway has invested the most.

“I judge the strength of a company by the love its customers have for it. And I have a lot of friends who would rather sacrifice their right arm than part with their iPhone. It’s an extremely powerful position to occupy.”added Charlie Munger.

It is true that Apple is doing very well financially. Last month, Apple was the first company to hit the $3 trillion milestone in market capitalization. Also, the group published its financial results and it was a quarterly record with a turnover of 123.95 billion dollars. The iPhone 13s helped a lot, as did other products.