Warren Buffett's Apple Investment: From $35 Billion to $185 Billion in a Decade!

Investor Warren Buffett announced that Berkshire Hathaway's investment of approximately $35 billion in Apple has grown to around $185 billion over the past decade, considering dividends, realized gains, and unrealized appreciation. Buffett made this statement during the opening of the annual shareholders' conference, the first without him in command. He mentioned that Berkshire had essentially delegated a significant portion of its resources to Apple's management. Buffett also highlighted the American technology company's journey and lauded Tim Cook's leadership after Steve Jobs's death. He stated that Apple seems like a new company even after 50 years. Buffett also used the event to reinforce his support for Berkshire's new CEO, Greg Abel, calling the succession a 100% correct decision and describing Abel as the right person to lead the company, as the executive does everything he did and more. Abel, in his address at the Berkshire annual meeting in Omaha, Nebraska, four months after succeeding Buffett, needs to gain the confidence of investors, who are now focused on technology and artificial intelligence rather than Berkshire's portfolio of insurance companies, retailers, and companies with assets in the energy, industrial, and manufacturing sectors. Abel also assured shareholders that he would not break up Berkshire, stating that it operates effectively and has a strong team of experts. He added that he is constantly assessing opportunities to expand Berkshire's portfolio