Warren Buffett on Thursday said he could not predict the success of Apple Inc�...
- Warren Buffett on Thursday said he could not predict the success of Apple Inc’s new suite of services but was confident the public would benefit as content providers vie for their wallets.
He also said the pace of growth in the U.S. economy, which expanded at a 2.2 percent annualized rate in last year’s fourth quarter, appeared to have slowed down, but “that doesn’t change anything we do” at Berkshire. Buffett, whose company owned $40.3 billion of Apple stock at year end, said the iPhone maker “can afford a mistake or two” as companies such as Amazon.com Inc, Netflix Inc and Walt Disney Co compete for customer attention.
Buffett also defended Berkshire’s roughly one-tenth stakes in American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc, despite problems with the 737 MAX.
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