Apple

Tim Cook Pays Tribute to Warren Buffett: A Legend’s Legacy and a Changed Apple Stock Story

Tim Cook pays tribute to Warren Buffett, calling his friendship 'one of the great privileges of my life,' as the legendary investor announces retirement.
By Blip Tech 1 min read

Tim Cook Pays Tribute to Warren Buffett as He Announces Retirement Warren Buffett, the CEO of Berkshire Hathaway and long-time Apple investor, announced his retirement at the end of 2025. At 94 years old, Buffett has spent over six decades leading Berkshire Hathaway, which was once Apple’s largest institutional shareholder. Apple CEO Tim Cook shared a photo with Buffett at Apple Park and praised him for his wisdom and guidance.

Buffett's Investment in Apple

Buffett, known for his value investing approach, initially avoided tech stocks like Apple due to their unpredictability. However, he began investing in Apple in 2016, seeing it as a consumer business with strong brand loyalty and recurring revenue. Berkshire Hathaway became the largest institutional shareholder of Apple until recently. Despite reducing its stake, Berkshire still holds about $75 billion worth of Apple shares.

Buffett's Legacy and Successor

Berkshire Hathaway’s backing of Apple significantly legitimized the company among value investors and reinforced its economic importance. Buffett’s successor, Greg Abel, will take over as CEO at the end of 2025.

#Apple #WarrenBuffett #TimCook

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