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Search resuls for: "Apple . Berkshire"


2 mentions found


☆ Warren Buffett says Berkshire managers were surprised by economic slowdown, earnings to decline
  + stars: | 2023-05-06 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
— Warren Buffett struck a pessimistic tone about Berkshire Hathaway 's myriad of businesses on Saturday, saying he expects an earnings decline in light of an economic slowdown. Berkshire has fared well so far despite a challenging macro environment with operating earnings jumping 12.6% in the first quarter. And a number of our managers were surprised," Buffett said. The Federal Reserve just approved its 10th rate hikes since 2022, taking the fed funds rate to a target range of 5%-5.25%, the highest since August 2007. "It was more extreme in World War II, but this was extreme this time," Buffett said.
☆ Warren Buffett's first big semiconductor investment in his career is also a bet on Apple's future
  + stars: | 2022-11-19 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
The disclosure sparked a big rally in the stock as Buffett made Taiwan Semi Berkshire's 10th biggest holding at the end of September. Taiwan Semi is the biggest chip producer in the world by revenue, with clients like Nvidia and Qualcomm. By betting on Taiwan Semi, Buffett is essentially backing the Apple ecosystem and iPhone demand in coming years, he said. It's about 25% of their revenue... when you are betting on TS, you are really betting on Apple." 'Moat' Taiwan Semi has a unique quality that Buffett always looks for – and that is a competitive edge or the so-called wide moat.
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