Warren Buffett, the CEO of Berkshire Hathaway and owner of 5.6% Apple shares, has finally ditched his old flip phone for an iPhone.
"My flip phone is permanently gone," he said in an interview with CNBC. Buffett has been a long-term user of a $20 ( ₹1,438 approximately) Samsung SCH-U320 flip phone. Now, he is a proud owner of an iPhone 11.
Interesting, Buffett didn't purchase his new iPhone. Instead, he was gifted "several of them" by numerous people, including Apple CEO Tim Cook, who has even offered to fly out to Omaha to perform tech support for Buffett if he ever needed it
The billionaire investor admitted that he uses his new iPhone "as a phone". "You're looking at an 89-year-old guy who's barely beginning to get with it," Buffett told the publication adding that he doesn't use "all its facilities like most people."
It is worth noting that the iPhone 11 is not the first Apple device owned by Berkshire Hathaway CEO. He also owns an iPad, which he uses to do research and check stock prices.
FAQs
Later in 2020, Buffett ditched his $20 flip phone for an iPhone and now also has an iPad. The idea likely wasn't the need for a new phone but rather a statement to support Berkshire Hathaway's largest investment. This idea can be an effective method of investing.
Which phone does Warren Buffet use? ›
Warren Buffett currently uses an iPhone 11 as his device of choice after years of being sent free ones by Tim Cook.
How much did Warren Buffett lose on Apple stock? ›
In its first-quarter earnings report released Saturday, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake. Apple was still Berkshire's biggest holding by far at the end of the quarter.
What happened to Warren Buffett's wife? ›
Susan died at the age of 72 after suffering a cerebral hemorrhage during the summer of 2004 in Cody, Wyoming. Bono performed "Forever Young" and "All I Want Is You" at her funeral. Warren was so grief-stricken that he did not attend.
How much Apple does Berkshire own? ›
Berkshire still owns more than 905 million shares of the company, worth about $174 billion. That represents 6% of all Apple shares and one-fifth of Berkshire's entire portfolio. Many investors, hoping to duplicate the success of Berkshire's portfolio, closely watch and often copy Buffett's market moves.
Does Warren Buffett still have a flip phone? ›
Warren Buffett Ditched His Flip Phone for an iPhone in 2020 and Drinks 5 Cans of co*ke a Day — That's What Makes Him One of the Greatest Investors of All Time.
What cell phone does Bill Gates use? ›
The billionaire, in a ask-me-anything session on Reddit revealed that he is a Samsung loyalist. Gates currently uses Samsung Galaxy Z Fold 4 and before this he used Galaxy Z Fold 3 as his primary phone.
Why did Buffett sell Apple? ›
In response to shareholder questions, he suggested he was selling to avoid a higher tax bill in the future if tax rates increase to fund the U.S. fiscal deficit. Buffett told shareholders he was paying a 21% tax rate in 2024 and could pay “a little higher percentage later on,” reported CNBC.
Is Warren Buffett still buying Apple? ›
Apple is still Berkshire Hathaway's largest holding. At one point last year AAPL accounted for about half of the holding company's U.S. stock portfolio. However, with 790 million shares (down from 905 million at the end of 2023), Apple is now somewhere in the lower-to-mid-40% range.
Did Warren Buffett sell all of his Apple stock? ›
The three analysts surveyed by FactSet Research had predicted operating earnings of $6,701.87 per Class A share. Buffett did sell off nearly $6 billion in stocks during the quarter, including trimming about 13% of Berkshire's massive Apple stake.
Buffett's current vehicle, the 2014 Cadillac XTS that he has owned for approximately ten years, is a testament to his reputation for frugality.
How many marriages has Warren Buffett had? ›
He married Susan Buffett in 1952 and had three children with her: Susie, Howard, and Peter. Susan died in 2004 at the age of 72 after suffering a cerebral hemorrhage. Two years following Susan's death, Buffett married Astrid Menks, who had been longtime friends with the Buffetts.
Who inherits Warren Buffett's money? ›
“My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable,” Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99% ...
Who is the richest Apple shareholder? ›
Top Shareholders
| Holder | # of Shares | Type |
|---|
| Vanguard | 1,161,714,169 | Institution |
| Vanguard Index Funds | 972,831,631 | Institution |
| Warren Buffett | 905,560,000 | Institution |
| iShares | 503,963,850 | Institution |
6 more rowsBerkshire Hathaway Inc.
Berkshire Hathaway first started buying Coca-Cola Co. (NYSE: KO) stock in 1988 and continued accumulating shares since. Berkshire Hathaway now owns 400 million shares of Coca-Cola stock valued at a whopping $22 billion or about 8% of the company.
Does Buffett own Bank of America? ›
Warren Buffett's Berkshire Hathaway Inc. sold its stake in Bank of America Corp., ending an investment that spanned three and a half years in which the lender's stock lost more than two-thirds of its value.
Does Warren Buffet own a phone? ›
Despite the fact that Berkshire Hathaway is a major Apple shareholder, Buffett didn't upgrade to a smart phone until 2020. Before that he preferred the Samsung SCH-U320, which can be bought on eBay for under $20. Though Buffett did make the switch to an iPhone eventually, he told CNBC that he just uses it "as a phone."
Which phone does Elon Musk use? ›
Here are the phones they have been known to use: Elon Musk: Elon Musk, the CEO of Tesla and SpaceX, is known to be a regular iPhone user [3]. In his biography, it is mentioned that he uses an iPhone [3].
