According to Berkshire Hathaway vice chairman Charlie Munger, the iPhone maker is "godlessly well run." Apple is currently Berkshire Hathaway's largest shareholder, and Munger is impressed with its results.
Despite ongoing supply chain issues, Apple achieved record sales for iPhones, Macs, Watches and its services in the first quarter of fiscal 2022. Yahoo Finance reported that Apple sold the iPhone for a record $71.6 billion. The stock is up 28% over the past year, up more than Google, Microsoft and Amazon.
Munger said he judges a company's strength by how much customers like it. He added that many would switch hands for an iPhone: “I have a lot of friends who would part with their right hand before they would part with their iPhone. It's an extremely powerful position."
Munger's interview comes amid speculation about potential new products we'll see this year. An Apple event is coming up in March where we can see the new iPhone SE, iPad Air 5 and three new Macs.
In autumn, new iPhone 14 smartphones will be released, which have already been put into test production.
bbabo.Net