Legendary Investor Warren Buffett Has Finally Switched From A Flip Phone To An iPhone

The legendary investor Warren Buffett has finally upgraded from a $20 Samsung flip phone to an iPhone.

Buffett said to Becky Quick of CNBC that his flip phone was permanently gone in a Squawk Box interview yesterday. Warrant Buffett is the chairman and CEO of Berkshire Hathaway and he admitted that he had been given a few of them, including one from Tim Cook himself.

Buffett’s old phone was a Samsung SCH-U320 and his latest is an iPhone 11. However, he did not elaborate on which models of the lineup he is using.

Apple has long ranked third on Berkshire Hathaway’s largest businesses, behind railroads and insurance and yet the investor had never thought of switching to an iPhone, at least not until recently.

With Apple’s most advanced handset in hand, Warren Buffett said that he mostly used the phone for making calls. The reason for this, he said, was his age. The investor is now 89 years old and he barely got the hang of current smartphones. So it comes as no surprise that he does not use all of the phone’s facilities like most other users.

Apart from an iPhone, Buffett also has an iPad to check stock prices and do the necessary research. In 2018, Tim Cook said that he was willing to fly to Omaha, Nebraska to help set up the new phone if the investor wanted.

Berkshire Hathaway owns around 5.5% of Apple, as stated by Warren Buffett. This translates to 245 million shares worth about $72 billion. The investor also shared that he thought Apple was the best business he knew in the world.

Apple’s shares saw an increase of around 80% in the last 12 months but the Coronavirus outbreak, which is threatening its business in China, has caused a dip of 4% on Monday.

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