Warren Buffett Learned A Lot About His iPhone This Week | Entrepreneur (2024)

FAQs

What cell phone does Warren Buffett use? ›

In a poignant transition reflective of his trust in Apple, Buffett upgraded to an iPhone in 2020 at the age of 89.

“We own Coca-Cola, which is a wonderful business,” Buffett said. “And we own Apple, which is an even better business, and we will own, unless something really extraordinary happens, we will own Apple and American Express and Coca-Cola.”

Tech billionaire Elon Musk has announced that he is buying a new iPhone 15 model for himself because he finds the camera 'incredible'. This comes after Apple CEO Tim Cook shared pictures with photographers Stephen Wilkes and Reuben Wu on X, formerly known as Twitter.

Is AAPL a Buy, Sell or Hold? Apple has a consensus rating of Moderate Buy which is based on 24 buy ratings, 8 hold ratings and 1 sell ratings. What is Apple's price target? The average price target for Apple is $249.83.

1. Vanguard Group – 1,324,970,227 – 8.52% Vanguard Group, the world's second-largest asset manager, is Apple's largest shareholder among institutional investors.

What Kind of Vehicle Does Warren Buffett Drive? Warren Buffett drives a Cadillac XTS, a car that is far from the flashy, high-end luxury vehicles that one might expect a billionaire to own. Consistent with his down-to-earth lifestyle, Buffett's choice of vehicle is practical, reliable, and understated.

Buffett's favorite stock, of course, is Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), the company he has led for decades. Berkshire Hathaway isn't quite as diversified as an S&P 500 ETF, but it's not too far behind. The conglomerate owns over 60 subsidiaries and has stakes in over 40 other publicly traded companies.

Berkshire Hathaway is required to hold onto cash

"I think of the cash, roughly half of it is legitimately deployable," Bloomstran said. That's because Berkshire Hathaway's massive insurance operations require the company to have an ample cash reserve to fund potential insurance payouts.

In the first quarter of 2024, Berkshire Hathaway sold over 100 million Apple shares, and in the second quarter, they sold an additional 390 million shares. Despite this sell-off, Apple is still Berkshire Hathaway's largest public investment, with around 400 million shares worth nearly $90 billion.

Who is Warren Buffett investing in now? ›

The billionaire, in a ask-me-anything session on Reddit revealed that he is a Samsung loyalist. Gates currently uses Samsung Galaxy Z Fold 4 and before this he used Galaxy Z Fold 3 as his primary phone.

Bill Gates uses a folding Android phone – Samsung Galaxy Z Fold 5. Bill Gates, co-founder of Microsoft, net worth 124 billion USD, uses a Galaxy Z Fold 5 right now, and a Z Fold 4 before that. And the Z Fold 3 before that! He's basically been sticking with Samsung through most of its folding growing pains.

As interest rates began to rise, Verizon's stock price began to fall. VZ data by YCharts. This is likely the primary culprit for Verizon's stock's woes. Buffett saw the rising rates and knew investors would soon have other options for generating income that didn't include dealing with a shrinking stock price.