Skip to main content

Tech: Warren Buffett says the $1,000 iPhone is 'enormously underpriced' despite famously not owning a smartphone

Warren Buffett tells former CNN host Piers Morgan about his flip phone in 2013.

Berkshire Hathaway CEO Warren Buffett said in a CNBC interview that he thinks the $1,000 iPhone X is 'enormously underpriced.' He remains very bullish about Apple, and has even bought more stock in the tech company.

  • Berkshire Hathaway CEO Warren Buffett said he thinks the $1,000 iPhone X is "enormously underpriced," despite famously not owning a smartphone.
  • He said iPhones provide huge value to hundreds of millions of people who "practically live their lives" by them.
  • Berkshire Hathaway continues to buy shares in Apple.


Billionaire Warren Buffett thinks the $1,000 iPhone X is "enormously underpriced."

That's according to an interview the legendary investor gave to CNBC's Becky Quick on Thursday, in which he said that Berkshire Hathaway continues to buy Apple stock.

Speaking as Apple readies the release of a bunch of new models, he said iPhones provide huge value to the hundreds of millions of people who "practically live their lives" by them. Having said that, Buffett doesn't see Apple raising the price much over $1,000.

"It’s got competition so you can’t push the price, but in terms of its utility to people and what they get for a thousand dollars... you can have a dinner party that would cost that, and here this is, and what it does for you, it’s incredible," he said.

Buffett famously doesn't use a smartphone, preferring an old flip phone, but recognises how important it is in other people's day-to-day lives.

"I have a plane that costs me a lot, maybe a million dollars a year or something of the sort. If I used the iPhone — I use an iPad a lot — if I used the iPhone like all my friends do, I would rather give up the plane," he said.

Buffett remains very bullish about Apple, and told CNBC that he has bought "just a little bit" more Apple stock in recent months. A regulatory filing earlier in August showed Berkshire owned 246.5 million Apple shares, or about 5.1% of Apple, as of June 30.

ridoola.blogspot.com.ng
Labels:

Comments

Post a Comment

Popular posts from this blog

Okpebholo suspends A-G & LG Chair under 3 months over finance dealings

The Edo Government has announced the suspension of Samson Osagie , its Attorney-General and Commissioner for Justice, and Damian Lawani , chairman of the Local Government Service Commission. Mr Musa Ikhilor , Secretary to the State Government (SSG) announced the suspension in a statement in Benin on Thursday morning. ALSO READ: Kano Govt suspend 2 school principals for alleged absenteeism, negligence Ikhilor said the two-state top officials were suspended over allegations of “grave official and financial interactions”. Okpebholo suspends Edo Attorney-General and LG Service Commission Chairman According to him, the suspension, which takes immediate effect, is pending the conclusion of an investigation into the allegations. The SSG said; It is hereby announced for the information of the general public that Gov. Monday Okpebholo has approved the suspension from office of the Chairman of Edo Local Government Service Commission, Damian Lawani and Commissioner for Justice, Samson Os...
Post a Comment
Read more

Tinubu appoints MKO Abiola's son, Jamiu as SSA on Linguistics & Foreign Matters

President Bola Tinubu has appointed Jamiu Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters. The appointee is one of the children of the late Chief Moshood Kolawole Abiola , the winner of the 1993 presidential election annulled by General Ibrahim Babangida . According to a statement by Segun Imohiosen , the Director of Information and Public Relations, Office of the Secretary to the Government of the Federation on Wednesday, November 27, 2024, Jamiu's appointment took effect from November 14, 2024. Imohiosen said the appointment aligns with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended. Until his recent deployment, the appointee served as the Special Assistant to the President of Special Duties in the office of the Vice President. Tinubu tasked Jamiu to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new ...
Post a Comment
Read more

Imaan: Nigeria’s 1st Female Police Affairs Minister & Iron Lady of Women’s Affairs

As a reform-minded technocrat and empathetic policymaker, she is a dynamic force, bringing hope, competence, and equity to every ministry she leads. Early life & Background Imaan was born on April 19, 1980, in Jos, Plateau State. Imaan Sulaiman-Ibrahim was raised in Abuja, rooted in a purposeful family, her father, S. K. Danladi , an engineer-developer, and her mother, Aishatu , a teacher. As the second of eight children, she grew up with early lessons in discipline and education. ALSO READ: Can a Doctor Save Education? Olatunji Alausa’s cure for Nigeria’s learning crisis Education Imaan received her early schooling at Aruwa Nursery and Jabi Primary, later attending Federal Government Girls’ College, Bwari. She graduated younger than most people from the University of Abuja, BSc in Sociology at 19, then two master’s degrees (MBA and MA in Management) from Webster University, London, by age 21. As of 2025, she is completing a Doctorate in Security & Strategic Studies at t...
Post a Comment
Read more