Warren Buffet doesn't use an iPhone but wants to own 100% of Apple
Thursday, May 10, 2018 IST
NEW DELHI: Warren Buffet, the billionaire chairman of Berkshire Hathaway, has said that he wants to own 100 per cent stake in tech giant Apple. In an interview to an American media network, following the annual shareholder meeting of his company, Buffett said, "I clearly like Apple. We buy them to hold....We bought about 5 per cent of the company. I'd love to own 100 per cent of it."
Buffett's Berkshire on Friday disclosed that it bought an additional 75 million shares in the first three months of 2018, becoming the No.2 shareholder. In the meantime,the Apple stock surged 2 per cent to hit an all-time high of $187.67.
Buffet also gave a thumbs up to the manner Apple handles its finances. The once world's richest man said, "We like very much the economics of their (Apple's) activities. We like very much the management and the way they think."
Interestingly, Buffet who is known for his aversion towards technology does not even use an iPhone. Referring to Apple's latest offering, the iPhone X, Buffett said in the interview, "A fellow sent me a '10' the other day, but I'm not using it yet," Buffett said. "Very nice fellow. He even explained it. I think he pretended he was writing to a 3-year-old child. He wrote me this very nice letter and explained what to do with it — how it wouldn't bite me or anything like that. I'm kind of screwing up my courage here and one of these days, I'll move."
"I don't even understand technology,'' added Buffett, who still uses a flip cellphone.
Responding to a query, Buffet also took a dig at cryptocurrency referring it as a "non-productive assets similar to gold."
Berkshire Hathaway owns more than 90 companies, including railroad, clothing, furniture and jewelry firms. Its insurance and utility businesses typically account for more than half of the company's net income. The company also has major investments in such companies as American Express, IBM and Wells Fargo & Co.
Related Topics
Trending News & Articles
ALMATY: Hour upon hour, day upon day, Omir Bekali and other detainees in far western China's new indoctrination camps had to disavow the...
Recently posted . 228K views . 1 min read
If you have payed attention to the belly buttons of people on the beach or the members of your family, you have probably noticed that they have different shapes and...
Recently posted . 10K views . 2 min read
The Langya henipavirus has a place with a similar group of infections, including Nipah, which is known to kill up to 3/4 of people in extreme cases.
Recently posted . 7K views . 1 min read
The UK is 6th with admittance to 187 nations, while the US is seventh with a score of 186, China was set 69th with admittance to 80 nations, the most recent positio...
Recently posted . 6K views . 1 min read
More in Global
Sanju has been accused of being an image cleaning exercise for Sanjay Dutt. The Ranbir Kapoor film doesn’t show any Bollywood actor in the film.
Recently posted. 1K views . 1 min read
However unusual it may sound but it is true! China has a train called the ‘Y999 Love-Pursuit Train’ and the sole purpose of the train is that all the si...
Recently posted. 1K views . 2 min read
Israel’s merciless use of lethal force at the Gaza border that led to the massacre of 58 Palestinians, who were violently protesting against the inauguratio...
Recently posted. 903 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 4K views . 99 min read
Recently posted . 1K views . 49 min read
The drink, which refers to a gruesome injury suffered by a medic, is on offer along with an "Eye for an Eye" mocktail, featuring a round rubbery longan ...
Recently posted. 994 views . 1 min read
Washington: While dating is a common phenomenon in teens today and considered important to build self-identity and social skills, not dating someon...
Recently posted. 863 views . 1 min read