Warren Buffett on his new iPhone: ‘My flip phone is permanently gone’ Description video: Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he thinks Apple \”probably the best business I know in the world.\”\n\nBillionaire […]
Warren Buffett on his new iPhone: ‘My flip phone is permanently gone’
Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he thinks Apple \”probably the best business I know in the world.\”\n\nBillionaire Apple investor Warren Buffett has finally upgraded from a $20 flip phone to an iPhone.\n\n“My flip phone is permanently gone,” Buffett told CNBC’s Becky Quick during a “Squawk Box” interview on Monday. The Berkshire Hathaway CEO and chairman spoke two days after he released his annual shareholder letter.\n\n“I’ve been given several of them, including [from] Tim Cook.”\n\nOnce a fan of the $20 Samsung SCH-U320, Buffett is now using Apple’s latest iPhone 11. He’s been a longtime user of the flip phone, even though Apple is Berkshire Hathaway’s third-largest business, behind insurance and railroads. Now, he said, the flip phone is “permanently gone” even though he admitted he mostly uses the iPhone for phone calls.\n\n“You’re looking at an 89-year-old guy who’s barely beginning to get with it,” Buffett said, though he doesn’t use “all its facilities like most people.”\n\n“I use it as a phone,” he said. Buffett said in the past that he uses an iPad to check stock prices and do research.\n\nCook said in 2018 he would fly to Omaha, Nebraska, to help Buffett set up his new phone.\n\nBuffett said earlier Monday that Apple is “probably the best business I know in the world.” Berkshire owns roughly 5.5% of Apple, according to Buffett. Berkshire owned more than 245 million shares of Apple, worth nearly $72 billion, according to a Dec. 31 filing with the government,\n\nApple shares are up about 80% over the past 12 months but were down about 4% Monday over worries about how the coronavirus outbreak was affecting its operations in China.\n\nFor more Warren Buffett, check out Squawk Pod:\n \n» Subscribe on Google Play: https://play.google.com/music/m/Imbb7bptxdyljmmabn7svbhzd4m?t=Squawk_Pod\n» Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/ask-warren-buffett/id1480890290?i=1000466545028\n» Subscribe on Spotify: https://open.spotify.com/show/6zG3vq4UQ0xDRVOs8eGAMi?si=J39_0ed9RNSOASe5xCQFlA\n» Listen on Stitcher: https://www.stitcher.com/podcast/cnbc/squawk-pod/e/67565551\n\nFor access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube\n \n» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision\n» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC\n» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic\n \nTurn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.\n \nConnect with CNBC News Online\nGet the latest news: http://www.cnbc.com/\nFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC\nFollow CNBC News on Facebook: https://cnb.cx/LikeCNBC\nFollow CNBC News on Twitter: https://cnb.cx/FollowCNBC\nFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBC\n \n#CNBC\n#CNBC TV
Warren Buffett traded his old phone for an iPhone
Warren Buffett, one of Apple’s largest shareholders, finally owns one of Apple’s most popular products..
Berkshire owns about 5.6% of tech giant Apple.
On Monday, the billionaire investor announced that he had recently swapped his push-button cell phone for a smartphone. Berkshire Hathaway CEO told CNBC that his old Samsung phone «gone forever». He once hinted that he might break his old phone at Berkshire Hathaway’s upcoming annual meeting in May..
Doesn’t seem like he has a lot of apps installed or is using custom notes on his iPhone as he himself says he’s just using it «like a regular phone».
«You are looking at an 89-year-old boy who is just starting to chat with him.», – said Buffett. Despite the fact that over the years he was already awarded «some» iPhones, including those from Apple CEO Tim Cook, he still hasn’t used any of them as his personal phone.
This is not his first gadget from Apple – he previously said that he uses an iPad to check stock prices. He even sent his first tweet from an iPad in 2013..
Buffett’s old phone was a Samsung SCH-U320. He showed this phone to CNN in 2013 and joked that Alexander Graham-Bell gave it to him.
His comments came after his Berkshire Hathaway company released its latest quarterly results on Saturday..
The conglomerate reported net income of $ 29.2 billion and operating income of $ 4.4 billion..
Berkshire Hathaway is one of the most valuable companies in the United States, worth over $ 560 billion. Buffett’s company invests in blue-chip stocks including Apple, Bank of America, Coca-Cola, American Express and many more.