The 89-year-old billionaire also said, during an interview with the CNBC channel, that he finally exchanged his Samsung cover phone for an iPhone 11.
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US investor and businessman Warren Buffett called Apple “the best business in the world” on Monday, during an interview with the CNBC channel.
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The 89-year-old billionaire said he does not consider the apple company only as shares owned by his company Berkshire Hathaway, but as his own “third business”.
“It is probably the best business I know in the world. And that is a greater commitment we have in any business, except insurance and the railroad,” said Buffett, who has insurance giant Geico Auto Insurance and the American railroad BNSF as wholly owned subsidiaries.
“[Apple] It is an amazing company. I should have appreciated it before“concluded the fourth richest person in the world.
Berkshire Hathaway bought its first 10 million Apple shares in May 2016. At the end of last year, the company owned more than 245 million Apple shares, worth almost $ 72 billion. Buffett’s annual letter to Berkshire shareholders, published last Saturday, showed 5.7% end-of-year ownership in Apple shares.
At the same time, Warren Buffett revealed that finally He changed his Samsung cover phone for an iPhone 11. However, the businessman admitted that he does not use all the capabilities of the device. “Most people have their entire lives built around a smartphone. And I use it [solo] like a phone, “he said.
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