Top 5 Billionaire Stocks From 5 Billionaires

1. Apple Inc. (NASDAQ:AAPL)

Billionaire: Warren Buffett (Worth $116 billion)

Warren Buffett of Berkshire Hathaway is perhaps the most looked up to billionaires in the world of finance since his ever-green investing principles and consist outperformance has earned him a reputation that is unmatched in the history of financial markets. Warren Buffett’s favorite stock as of the end of the first quarter of 2023 is Apple Inc. (NASDAQ:AAPL), in which Berkshire has a whopping $151 billion stake.

Alger Spectra Fund made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q1 2023 investor letter:

“Apple Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications, computing, and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives particularly tight engagement with consumers and enterprises, which is fostering the growing purchase of high margin services like music, apps, and Apple Pay. While iPhone sales were down year-over-year (YoY). services revenues grew 7% YoY which was slightly above analyst estimates. Company earnings were also better-than-anticipated due to lower input costs, such as memory chips and cost control initiatives. Aside from production disruptions, negative sentiment had also weighed on shares as investors questioned how an economic slowdown would affect consumer demand for Apple products in 2023. However, management projected an acceleration in earnings for the fiscal first quarter, where they noted that iPhone and services growth should remain strong, along with encouraging impacts around product mix, lower input costs, and continued cost controls.”

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