Billionaire Warren Buffet has finally switched to using an iPhone 11 and ditched his Samsung flip phone for good. The billionaire is the owner and CEO of Berkshire Hathway and owns nearly 5.5% of Apple’s shares.
Speaking to CNBC’s Squawk Box interview, Buffet told that his $20 flip phone is “permanently gone.” What’s interesting is that it took the billionaire so long to switch to an iPhone 11 despite being gifted many of them, including one from Tim Cook. He does note that he does not use all the features of the iPhone like others and simply uses it as a “phone.”
“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.”
Back in 2018, Tim Cook had told Buffet that he would personally fly to Nebraska to help him set up his new iPhone.
In the same interview, the billionaire acknowledges that Apple is probably “the best business” in the world. He thinks of the company more as his third business rather than just stock. This is evident from Berkshire Hathway owning 5.5% of Apple’s stocks which is a considerable commitment and the company’s largest business outside of insurance and railroads. As per filings with the government on December 31, 2019, Berkshire Hathway owns nearly 245 million Apple stock worth $72 billion.