Apple investor Warren Buffett finally replaces his flip phone with iPhone

Apple investor Warren Buffett finally replaces his flip phone with iPhone

Apple investor Warren Buffett finally replaces his flip phone with iPhone

Instead, he's held on to a flip phone - until now. The Berkshire Hathaway CEO made the stunning admission on CNBC's "Squawk Box" on Monday morning, reversing one of his most old-school lifestyle choices. "My folding phone is gone forever", Buffett said. The push for yield sometimes persuades executives to make risky changes, leading to the boom in leveraged loans and the weakening of covenants, he said. "If you look at the present situation", he said, "you get more for your money in stocks than bonds".

Buffett's new daily driver is the iPhone 11.

Billionaire investor Warren Buffett on Monday notified investors not to get captured up in the headings, as global markets tanked over growing fret about the coronavirus break out.

The man has been using a Samsung flip phone for years. He admitted that he uses it "just" as a phone. Unrealized gains in Apple Inc and other investments boosted Berkshire's net income to a record $81.42bn in 2019.

Warren Buffett criticized companies including life insurers that respond to low interest rates by taking more risks, even as he acknowledged that the urge to seek better returns is normal.

Buffet's switch to iPhone comes at a time when the foldable smartphones are remerging in the market that includes new Moto Razr and the Samsung Galaxy Z Flip.

Buffett is a billionaire many times over, worth $US88.9 billion, according to Forbes, but he told CNBC that he didn't actually have to buy his iPhone.

Berkshire's billionaire CEO Warren Buffett - legendary investor and one of Apple's biggest shareholders - has finally traded in his old flip phone for an iPhone.

At the luncheon he revealed he had an Apple iPhone 10. Cook dinner even instructed Bloomberg TV in 2018 that he would personally fly out to Omaha and carry out tech help for Buffett, ought to he ever want it.

Warren Buffett is an American business magnate, investor, and philanthropist, who is the chairman and CEO of Berkshire Hathaway.

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