Iconic investor Warren Buffett spoke with CNBC’s Becky Quick in an interview ahead of Berkshire Hathaway’s annual shareholder meeting.
The Berkshire CEO spoke about a massive brand new investment in Apple, the U.S. economy, as well as also his outlook on companies such as IBM as well as also General Electric.
Buffett revealed in which Berkshire bought a staggering 75 million Apple shares within the first quarter, pushing the stock up more than 2 percent in early trading on Friday.
“the item is actually an unbelievable company,” Buffett said. “If you look at Apple, I think the item earns almost twice as much as the second most profitable company within the United States.”
The “Oracle of Omaha” also said he isn’t interested in buying General Electric — either the stock or the entire company.
Warren Buffett tweet