Legendary investor Warren Buffet says that Berkshire Hathaway abandoned one prime tech stock too early after seeing massive gains, detailing plans on when the firm plans on purchasing the asset again.
In a new interview with CNBC Television, the billionaire says that he sold the stock of tech giant Apple (AAPL) too soon, though he doesn’t necessarily regret his decision as it netted his firm a staggering $100 billion in profits.
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“I sold [Apple] too soon. But I bought it even sooner. I think we’ve made over $100 billion in that pretext. I don’t have any ability to predict what stocks will do next week or next month.
I will buy them if they are cheap, I’ll buy a whole lot of them if they are cheap and I think I understand the business, and Apple is still our largest single investment… It’s better than any business we own outright.”
Buffet goes on to say that Berkshire Hathaway – which has over $373 billion in cash on hand – could go on to purchase more AAPL if the price is right.
“I’m very happy for it to be our largest holding. I was not happy to have it be as large as almost everything else combined…It’s not impossible that Apple would get to a price where we would buy a lot of it. But not in this market, it’s just not going to happen in this market.”
In 2024, Buffet sold 67% of the firm’s stake in AAPL, continuing to sell the stock into the following year and early 2026. According to previous reports, AAPL makes up 22.6% of Berkshire Hathaway’s portfolio.
AAPL is valued at $255.92 at time of writing.
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