World-renowned investor Warren Buffet said Monday that he is holding his Apple stake. However, the Berkshire Hathway founder told CNBC’s SquawkBox that his firm is not increasing its holding at the moment. He has previously said that his company “would love to see Apple go down” so it could buy the shares for a bargain price.
“If it were cheaper, we’d be buying it. We aren’t buying it here,” Buffett said in an interview with CNBC “Squawk Box” co-host Becky Quick. “I don’t see myself selling – the lower it goes, the better. I like it, obviously.” Buffett has made Apple a keystone of his expansive holdings and highlighted his own use of the company’s products. Buffett has made Apple a keystone of his expansive holdings and highlighted his own use of the company’s products. He said at his annual shareholders’ meeting in Omaha last May that “we would love to see Apple go down in price,” so he could buy more at a bargain.
Check It Out: Warren Buffett Holding His Stake in Apple