Berkshire Hathaway Chairman Warren Buffett said he would buy “a whole lot” of Apple shares if the stock became cheap enough, but the current market isn’t offering the right opportunity yet.
“I will buy them if they’re cheap. I’ll buy a whole lot of them if they’re cheap,” Buffett said in a morning interview with CNBC’s “Squawk Box.”
“It’s not impossible that Apple would get to a price. We would buy a lot of it, but not in this market,” he added. “This just isn’t going to happen in this market.”
Berkshire first invested in Apple in Q1 2016 with about $1 billion for 9.8 million shares. The company began trimming the position in late 2023, accelerated sales through 2024, and continued reductions into 2025, shrinking the stake by nearly half by mid-2024.
Buffett acknowledged he sold Apple “too soon,” but said he didn’t regret it. “I sold it too soon,” the 95-year-old investor said. “But I bought it even sooner. I think we’ve made over $100 billion in that pre-tax.”
Despite the sales, Apple remains Berkshire’s largest equity holding. Buffett described Apple as a business with strong consumer demand, durable competitive advantages and excellent management.
“It’s a remark. It’s better than any business we own outright. Now, we own a railroad that’s worth more money than our Apple position, for example,” Buffett said, noting the railroad doesn’t earn nearly the return on capital that Apple does. “Apple is a business that, you know, you’ve got one probably and your kids have got them.”
On the current market drawdown, Buffett called it “nothing” compared with past episodes when Berkshire’s stock fell more than 50%, including during the 2007–2008 financial crisis. He said he would deploy cash when stocks or businesses are attractively priced, but he won’t engage in short-term market timing.
Berkshire, now led by CEO Greg Abel, is sitting on roughly $350 billion in cash and Treasury bills and recently bought $17 billion in T-bills in a single week.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
