“Microsoft co-founder and philanthropist Bill Gates backed Warren Buffett’s decision to up his stake in Apple, saying it is the most well-positioned tech company when it comes to profits,” Kate Rooney reports for CNBC. “‘Apple’s an amazing company, and the multiple’s not gigantic,’ Gates told CNBC’s ‘Squawk Box’ Monday from Omaha, where Berkshire Hathaway held a weekend of events around Saturday’s annual meeting. ‘The top tech companies do have a very strong profit position right now but Apple has the most of all.'”
“On Friday, Buffett, Gates’ longtime friend and CEO of Berkshire Hathaway, revealed that his company bought 75 million shares of the tech giant during the first quarter, adding to the 165.3 million shares Berkshire already owned at the end of last year,” Rooney reports. “‘I think Warren has applied great thinking there,’ said Gates, who is a Berkshire Hathaway board member.”
“Berkshire invested in Apple in 2016 after someone else at the company bought about 10 million shares,” Rooney reports. “Buffett later looked at the stock and bought ‘considerably more,’ the billionaire told CNBC in August.”
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MacDailyNews Take: By Steve, the old thief has finally got it!
What I can’t figure out is why he [Steve Jobs] is even trying [to be the CEO of Apple]? He knows he can’t win.
– Bill Gates, June 1998
A few more quotes:
• The one thing Apple’s providing now is leadership in colors. It won’t take long for us to catch up with that, I don’t think. – Bill Gates, commenting on iMac in colors debut, circa July 2000
• I don’t believe the success of the iPod is sustainable in the long run. – Bill Gates, May 2005
• There’s nothing that the iPod does that I say, ‘Oh, wow, I don’t think we can do that.’ – Bill Gates, September 2004
Mr. Original could’t even help copying his own sarcastic and proven-wrong quotes:
• There’s nothing on the iPad I look at and say, ‘Oh, I wish Microsoft had done it.’ – Bill Gates, February 2010
Bill Gates thinks Apple should unlock iPhones at the government’s request – February 13, 2018
Bill Gates wants to tax ‘job-killing’ robots – March 27, 2017
Bill Gates says President Trump could be like John F. Kennedy – December 15, 2016
Bill Gates unloads another 20 million Microsoft shares for $882 million – August 5, 2014
Bill Gates spends entire first day back in office trying to install Windows 8.1 – February 5, 2014
The difference between Steve Jobs and Bill Gates – May 7, 2013
Forbidden fruit: Bill Gates’ kids banned from owning superior Apple products – December 31, 2012
Steve Jobs vs. Bill Gates: The hare wins in the end (and gives a far superior speech) – January 23, 2012
Steve Jobs on Bill Gates: ‘Unimaginative; he just shamelessly ripped off other people’s ideas’ – October 24, 2011
1998 Bill Gates: I can’t figure out why Jobs is even trying to be Apple CEO; he knows he can’t win – April 11, 2010