Buffett's Apple Investment Yields 149 Trillion Won in Unrealized Gains

[Asia Economy Reporter Yujin Cho] Apple's market capitalization surpassed $3 trillion, marking a record, with Warren Buffett's unrealized gains reaching $124 billion (approximately 149 trillion KRW).

According to the US financial media CNBC on the 4th (local time), Berkshire Hathaway, led by Buffett, increased the value of its 5% stake in Apple?acquired between 2016 and mid-2018 for $36 billion?to $160 billion (approximately 192 trillion KRW) thanks to the rise in stock price.

In addition to capital gains from the stock price increase, Berkshire Hathaway has enjoyed substantial dividends. The dividends received from Apple average $775 million annually.

Previously, Berkshire Hathaway sold some Apple shares in 2020, securing $11 billion, but later referred to the partial sale as a mistake.

At last year's Berkshire Hathaway Annual Shareholders Meeting, Buffett said Apple stock was undervalued, explaining, "If people were asked to give up either a car or Apple, Apple products have become essential to daily life to the extent that people would give up the car."

According to financial information firm Inside Score, Apple accounts for more than 40% of Berkshire Hathaway's current stock holdings.

In a February 2020 CNBC interview, Buffett also stated, "Apple is probably the best business I know in the world," adding, "Historically, Apple has generated the third most money for me after insurance and railroads."

On the 3rd, Apple’s intraday market capitalization surpassed $3 trillion (approximately 3,595 trillion KRW) again during trading on the day, but it closed at $179.70, down 1.27%, failing to maintain the $3 trillion market cap at closing.

This content was produced with the assistance of AI translation services.