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Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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TechWarren Buffett

Warren Buffett finally swapped his flip phone for an iPhone

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
February 25, 2020, 11:06 AM ET

Warren Buffett’s a big fan of Apple, but he never had much (personal) use for the iPhone—until now.

The Oracle of Omaha has, at long last, gotten rid of the Samsung flip phone he has proudly carried for years and joined the smartphone revolution. But, for now at least, he’s not using it like the rest of us.

“I am now using—not very often—the latest model,” Buffett told CNBC Monday afternoon. “[But] I don’t use all its facilities like most people.”

Despite all the bells and whistles and apps, Buffett uses his iPhone for just that – a phone.

It’s a baby step, but it’s a notable one. Buffett said his flip phone is now “permanently gone”.

Apple CEO Tim Cook has been trying for years to get the 89-year old billionaire investor to upgrade his phone. Buffett didn’t disclose when he finally made the switch.

He has, though, been very open on his fondness for Apple as an investment.

“It’s an incredible company,” Buffett, an occasional Fortune contributor, says about Apple. “I should have appreciated it earlier.”

Apple has become one of Berkshire Hathaway’s top stock holdings in recent years.

More must-read stories from Fortune:

—Microsoft CEO Satya Nadella talks about winning back public trust
—Does the co-CEO model actually work?
—Should CEOs stay on the board after they step down?
—What happens to a company’s stock when there’s turnover at the top
—2019 was the year of the CEO exodus

Subscribe to Fortune’s Brainstorm Health for daily updates on biopharma and health care.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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