Berkshire Hathaway Chairman Warren Buffett said he would buy “a ton” of Apple stock if the stock price were low enough, but the current market doesn’t present the right opportunity yet.
“If it’s cheap, I’ll buy it. If it’s cheap, I’ll buy it in bulk,” Buffett said in a morning interview on CNBC’s “Squawk Box.”
“It’s not impossible that Apple could respond to the price. We would buy in bulk, but not in this market,” he said. “That’s not going to happen in this market.”
Berkshire entered Apple in the first quarter of 2016 with a position of 9.8 million shares worth $1 billion. Trimming began in late 2023, accelerated in 2024, and continued through 2025, with stakes reduced by nearly 50% by mid-2024.
Buffett admitted he bought Apple “too soon,” but said he doesn’t regret the decision.
“I sold it too soon,” said the 95-year-old investor. “But I bought it even earlier. I think I made more than $100 billion in pre-tax profits.”
Despite these sales figures, Apple remains Berkshire’s top holding.
Buffett views Apple as a company with strong consumer demand, durable competitive advantages, and good management.
“This is a statement. It’s better than any business that we own outright. We now own a railroad that’s worth more than, say, Apple’s position,” Buffett said.
“But it doesn’t remotely profit from capital like Apple does,” he noted. “Apple is a business that you probably own and your kids own.”
Regarding the current market decline, Buffett said it is “nothing” compared to past events such as the 2007-2008 financial crisis, when Berkshire’s stock price fell more than 50%.
He said he deploys cash when stocks and companies are attractive, but not based on short-term market timing.
Buffett also said Berkshire, currently led by CEO Greg Abel, has about $350 billion in cash and Treasury securities and recently bought $17 billion in Treasury bills in one week.
