Apple has been hailed as “ruthlessly well run” by billionaire investor Charlie Munger, Yahoo finance reports.

In an exclusive interview, the vice president of Berkshire Hathaway said Yahoo finance Andy Serwer, editor:

I think Apple is one of the strongest companies and will continue to be. I think it’s incredibly well managed.

Apple is now Berkshire Hathaway’s largest stock holding, and the stake represents a significant proportion of the value of the conglomerate’s holding company itself. In recent years, Berkshire Hathaway has sought to increase its stake in Apple and other big tech companies such as Amazon. Munger pointed out that he is most impressed with Apple:

I judge the strength of the company by how much customers like it. And I have millions of friends that they would almost part with their right arm before parting with their iPhone. This is an extremely powerful position.

Berkshire Hathaway Chairman Warren Buffett often praises Apple’s success, and as of September 2021 the company owned 5.5% of Apple with 907.6 million shares.

Last month, Apple became the first company in the world to be worth three trillion dollars. In its most recent earnings report, Apple reported quarterly revenue of $123.9 billion, an all-time quarterly record for the company. On a category-by-category basis, the company also set all-time quarterly revenue records for iPhone, Mac, wearables and services.

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