Warren Buffett is known for seriously looking at the price tag when he buys a stock. The chairman of Berkshire Hathaway goes for players that are undervalued and holds onto them for the long term. Back in the first quarter of 2016, he added a top technology and consumer goods company to the portfolio -- and that stock has gone on to advance more than 600%.

I'm talking about Apple (NASDAQ: AAPL). If you haven't yet bought shares of the company, you might wonder if you missed out on an opportunity. But what if I told you that, considering the company's long-term potential, the shares still look cheap? That means this Warren Buffett stock holds plenty of potential to make you richer over time.

Apple, the company, may be just about as well known as the piece of fruit. The company sells the iconic iPhone and Mac, along with other devices that have become popular worldwide. These products have not only helped Apple increase earnings over time, but also helped with other key financial measures like free cash flow and return on invested capital.

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Source Fool.com