Warren Buffett says he sold Apple too soon and would buy more of it, though not in this market

Warren Buffett, the legendary investor, recently admitted that he sold Apple stock too soon and expressed his regret over the decision. In an interview with CNBC’s Becky Quick on “Squawk Box,” Buffett mentioned that he would buy more Apple stock in the future, although not in the current market conditions.

Despite trimming its stake in Apple to $61.96 billion at the end of last year, Berkshire Hathaway still holds the tech giant as its largest holding. Buffett indicated that he would consider adding to the position if the stock price becomes more attractive. However, he noted that Apple is not yet a compelling buy even though it has dropped more than 14% from its recent high and over 6% this month amidst market volatility.

Buffett praised Apple CEO Tim Cook for his leadership, stating that Cook has performed admirably with the hand he was dealt after taking over from the late Steve Jobs. He credited Cook for generating over $100 billion in pretax profit from Apple stock and commended his ability to manage the company effectively.

Reflecting on his own leadership at Berkshire, Buffett highlighted his decision to step down as CEO in 2026 after six decades at the helm. He emphasized the importance of good management and interpersonal skills, noting that Cook’s ability to get along with everyone sets him apart from others.

In conclusion, Buffett expressed confidence in Apple’s long-term prospects but acknowledged that he would wait for a better entry point before increasing Berkshire’s stake in the company. The interview provided valuable insights into Buffett’s investment strategy and his views on the tech industry.