iPhone maker is 'ungodly'? Here is what this iconic billionaire said about Apple
Apple is one of the top tech brands across the world and since the launch of its first iPhone, its popularity has just skyrocketed. Of course, it made its name under legendary co-founder Steve Jobs and his Mac computers. The same fact has been echoed by the Vice-Chairman of Berkshire Hathaway, the legendary Charlie Munger. Berkshire has has built up its stake in Apple and other tech firms, including Verizon and Amazon, over the last couple of years even though Berkshire chief Warren Buffett missed the initial tech boom by a decade or so. But billionaire Munger seems most impressed by just the iPhone maker. In a recent interview with Yahoo Finance, he said that the reason for the success of the iPhone maker is because it is “ungodly well-managed”. Apple is now Berkshire Hathaway’s largest stock holding, and since then Munger is continually impressed by its performance.
“I judge the strength of the company based on how much the customers love it. And I've got zillions of friends who they'd almost part with their right arm before they'd part with their iPhone. That's a hugely powerful position to be in,” Munger explained about Apple to Yahoo Finance. The statement justifies the fact that despite persistent supply chain challenges, Apple saw record sales of the iPhone, Mac, Watch, and services in the first quarter of 2022. Last month, Apple announced financial results for its fiscal 2022 first quarter which reported that the company has recorded an all-time high sales of $123.9 billion, which is 11 percent higher than the previous year. Even this year, Apple is about to launch a number of products from the next iPhone series, MacBook to iPad. Here is the list.
The most anticipated launch from Apple for this year will surely
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