The ‘implausible’ worth of an iPhone
He additionally spoke in regards to the “incredible” worth of the iPhone. “If you might be an Apple consumer and any individual gives you $10,000, however the one proviso is they’re going to remove your iPhone and you can by no means be capable to purchase every other, you might be now not going to take it. If they inform you if you purchase every other Ford automotive, they’re going to come up with $10,000 now not to try this, you can take the $10,000 and you can purchase a Chevy as a substitute,” he said.
Buffett also said that there is a chance that kids might misuse the iPhone but added that “Cook cares about that”. “Everything can be misused. But I think Tim Cook cares about that.”
Berkshire Hathaway is Apple’s 5th biggest shareholder. In the previous, Cook has spoken about how he reacted when he discovered Buffett had simply began making an investment in Apple. “Oh, that is in point of fact cool. Warren Buffett is making an investment in Apple,” Cook said about Buffett’s investment in Apple in an earlier interview. “You know, we welcome all shareholders, but we run the company for the long term. And so the fact that we’ve got the ultimate long-term investor in the stock is incredible because our interests are aligned,” he added.
The 92-year-old investor has, prior to now, spoken about the use of a Samsung turn telephone and the way Cook helps to keep sending him reminders about the use of an iPhone. “Tim Cook sent me a Christmas card again … saying he’s going to sell me an iPhone this year,” he mentioned in an previous interview. “He keeps sending me these reminders every Christmas.”