Warren Buffet says he's finally using an Apple iPhone
The 89-year-old billionaire Warren Buffet says that he has switched to the latest iPhone after years of using a $20 flip phone, despite years of investing in Apple and describing it as the best business in the world.
Billionaire investor Warren Buffet has swapped his $20 Samsung flip phone for an iPhone 11
Famed billionaire investor Warren Buffet says that Apple is an "incredible" company that he should have paid attention to sooner. The businessman currently owns around 5.7% of Apple's stock, and describes it as important to his own company, but admits he has only just switched to using an iPhone 11.
"I don't think of Apple as a stock," he told "Squawk Box" on CNBC, "I think of it as our third business. It's probably the best business I know in the world, and that [5.7% ownership] is a bigger commitment than we have in any business except insurance and the railroad."
"[Apple] is an incredible company," he continued. "I should have appreciated it earlier."
Despite rating Apple as a company, Buffet has famously continued to use an old-style flip phone -- until now.
"I'm glad you brought that up," he told CNBC. "I am now using -- not very often -- the latest model. I've been given several of them, including by Tim Cook, [and] my flip phone is permanently gone. I mean, you're looking at an 89-year-old guy that's barely beginning to be with it."
Reportedly, it's an iPhone 11 that Warren Buffet has switched to
Buffet joked that he likes his iPhone so much that you may see him crushing his old flip phone, a $20 Samsung SCH-U320. Even so, when pressed about what's best about the iPhone, he admits to not using any smartphone a great deal.
"I don't use all of its facilities," he said. "I mean most people are living their lives around it, and I use it as a phone."
Billionaire investor Warren Buffet has swapped his $20 Samsung flip phone for an iPhone 11
Famed billionaire investor Warren Buffet says that Apple is an "incredible" company that he should have paid attention to sooner. The businessman currently owns around 5.7% of Apple's stock, and describes it as important to his own company, but admits he has only just switched to using an iPhone 11.
"I don't think of Apple as a stock," he told "Squawk Box" on CNBC, "I think of it as our third business. It's probably the best business I know in the world, and that [5.7% ownership] is a bigger commitment than we have in any business except insurance and the railroad."
"[Apple] is an incredible company," he continued. "I should have appreciated it earlier."
Despite rating Apple as a company, Buffet has famously continued to use an old-style flip phone -- until now.
"I'm glad you brought that up," he told CNBC. "I am now using -- not very often -- the latest model. I've been given several of them, including by Tim Cook, [and] my flip phone is permanently gone. I mean, you're looking at an 89-year-old guy that's barely beginning to be with it."
Reportedly, it's an iPhone 11 that Warren Buffet has switched to
Buffet joked that he likes his iPhone so much that you may see him crushing his old flip phone, a $20 Samsung SCH-U320. Even so, when pressed about what's best about the iPhone, he admits to not using any smartphone a great deal.
"I don't use all of its facilities," he said. "I mean most people are living their lives around it, and I use it as a phone."
Comments
The Oracle of Omaha has always said he doesn't invest in companies whose business he doesn't understand. I guess he finally understands Apple.
I'm seriously thinking about just getting an Apple Watch instead of another phone. Thinking this next generation will finally go solo?
We've had more disagreements with family members over misunderstandings from a text when a phone call would have made it all clear as a bell.
(I set the video to start at the relevant part)
edit: Never mind AI forums don't support custom start points but the fun starts at 1:30.
Unfortunately, you still can't pair a watch to any car's Bluetooth. That's the only reason I can't leave my phone home sometimes.
Wise words from Buffet! AAPL is down today along with the rest of the market, but so what, who cares. AAPL will be at all time highs again soon enough. The market is not for cowards and those who trade based on emotions and fear.
As for phones, my father still uses an old, cheap flip phone, and that's what he'll probably use forever. I at least have managed to get my mother to use an iPhone, I bought one for her, so she had no choice really, but I think she's glad that she uses one now.
Like Buffet said...I like more days like these, down than up. Although I bought some last month, my next purchase will be later in the summer. In 10+ years, I won't even remember what I paid in January 2020...I'll only regret that I didn't buy enough. This + MA and V...everytime you look back, it's always, I wished I bought more.
No one is asking you to look to him to decide what products to buy. It is an Apple story, so it was published on an Apple-centric website.