Berkshire Hathaway Chairman Warren Buffett spoke Thursday at The Gatehouse's Hands Up for Success luncheon.
"I'd love to see them succeed, but that's a company that can afford a mistake or two," Buffett said when asked about Apple's recent push into the entertainment business.
"You don't want to buy stock in the company that has to do everything right," he continued.
Apple is Berkshire Hathaway's largest investment, although it reduced its stake in the company late last year.
"You've got some very big players who are going to fight over those eyeballs," Buffett said.
"You have very smart people with lots of resources trying to figure out how to grab another half hour of your time," Buffett continued. "I would not want to play in that game myself."
This is a developing story. Check back here for updates.
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