Billionaire Apple trader Warren Buffett has last but not least upgraded from a $20 flip cellular phone to an Apple iphone. The Berkshire Hathaway CEO and chairman joined CNBC to go over the markets just days soon after he released his annual shareholder letter.

“My flip cellular phone is permanently gone,” Buffett informed CNBC’s Becky Brief for the duration of a Squawk Box interview on Monday. “I’ve been offered many of them, which include [from] Tim Prepare dinner.”

As soon as a enthusiast of the $20 Samsung SCH-U320, Buffett is now employing Apple’s hottest Iphone 11. He is been a longtime user of the flip phone, even even though Apple is Berkshire Hathaway’s 3rd most significant enterprise, driving insurance policies and railroads. But, he suggests the flip telephone is “permanently gone” even although he admits he typically takes advantage of the Apple iphone for cellphone phone calls.

“You might be seeking at an 89-year old dude who’s hardly beginning to get with it,” Buffett reported, although he doesn’t use “all its facilities like most people.”

“I use it as a cellular phone,” he explained. Buffett mentioned in the previous that he takes advantage of an iPad to test stock charges and do exploration.

Cook dinner has said he would fly to Omaha, Nebraska, to help Buffett established up his new mobile phone.

“I instructed him I am going to individually appear out to Omaha and do tech aid for him,” the Apple CEO reported in 2018.

Buffett mentioned before Monday that Apple is “in all probability the finest enterprise I know in the globe.” Berkshire owns approximately 5.5% of Apple, in accordance to Buffett.  Berkshire owned a lot more than 245 million shares of Apple, really worth almost $72 billion, according to a Dec. 31, 2019 submitting with the governing administration,

Apple shares are up about 80% more than the previous 12 months.

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