Billionaire Warren Buffett, who is chairman of the holding company Berkshire Hathaway, again noted the achievements of Apple, calling the corporation better than any company whose shares currently own the holding.

He stated this at the annual meeting of shareholders, reports 9to5Mac.

Since 2020, when Buffett called Apple “probably the best business in the world,” his belief in it has only grown stronger. Currently, Berkshire Hathaway owns a 5.6% stake in the corporation and rejoices in “every tenth percent share that grows,” the owner of the company said.

Buffett also noted the iPhone as an “extraordinary” product. He believes that Americans are willing to abandon the second car rather than a smartphone from Apple. Buffett is sure that despite the fact that iPhone users pay about $ 1.5 thousand for a smartphone, and $ 35 thousand for a second car, they will make their choice in favor of the iPhone.

Recall, Apple considers massive layoffs in the fight against the economic crisis as an “emergency measure”.