Warren Buffett says Apple content plan hard to predict, touts airline safety
Updated : March 29, 2019 08:03 AM IST
The billionaire chairman of Berkshire Hathaway Inc, which owns big stakes in the four largest US airlines, also said that industry would weather fears about safety even after Boeing Co's 737 MAX planes were pulled from service.
He also said the pace of growth in the US economy, which expanded at a 2.2 percent annualised 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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more