With a value of $165 billion and a portfolio allocation of 48% (as of March 31), (NASDAQ: AAPL) is Berkshire Hathaway's largest equity holding by far. The Oracle of Omaha has said that Apple is "different than the other businesses we own." He definitely means that in a good way, which isn't surprising, given the business possesses many of the traits Buffett looks for.
By following one of the best stock market minds ever, investors could meaningfully upgrade their portfolios. Here are three reasons why investors should seriously consider buying Apple stock today, even with shares up 39% this year.
While the iPhone represented 54% of the company's fiscal 2023 second-quarter revenue, and it can easily be considered the single most successful product in history, Apple has been growing its services line in recent years. This segment posted revenue of $13.3 billion three years ago in Q2 2020. In the most recent fiscal quarter, its sales totaled $20.9 billion, growing faster than Apple's products segment.
Source Fool.com