Warren Buffett Just Reaffirmed Apple as One of His Favorite Stocks -- Even as Tim Cook Prepares to Step Down
Yahoo Finance ·
Warren Buffett stepped down as CEO of Berkshire Hathaway ( BRKB +0.82% ) ( BRKA +0.73% ) at the end of 2025, but he still speaks out on some of the conglomerate's investments. And in a CNBC interview on Wednesday, he made clear that his view of Apple ( AAPL +1.72% ) hasn't budged. It remains one of his favorite businesses, he said, even with a change at the top just weeks away. That change is no small thing. Apple announced in April that longtime CEO Tim Cook will become executive chairman on Sept. 1, handing the chief executive job to hardware engineering chief John Ternus. A leadership handoff at one of the world's most valuable companies would normally give investors pause. Buffett, whose Berkshire owns more than $70 billion in Apple stock, doesn't seem worried. So does his continued conviction make the stock a buy near its record high? Let's take a look.
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