Recently, popular financial guru Warren Buffett (nickname:
The Oracle of Omaha) gave an interview to the American news channel CNBC in which Buffett, one of the richest men in the world, began singing the praises of Apple. A song of praise of superlatives.
In the interview, Warren Buffett said:
“Let’s assume you are an Apple user. Now someone comes along and offers you $10,000. The only condition: you have to give away your iPhone and you can never buy one again. I say: The Apple user will turn down the money. They will refuse the $10,000.”
Buffet backs up his steep claim with a comparison. He compares smartphone users to Ford drivers. In the interview he further said:
“(Assuming you own a Ford.) If someone offered you $10,000 to choose not a Ford the next time you bought a car, you would pocket the $10,000 and buy a Chevy instead.”
With his $10,000 metaphor, Buffett offers Apple fans an unparalleled level of brand loyalty that goes beyond multi-digit bribes, so to speak.
The relevant excerpt from the interview was linked by CNBC on Twitter. Click and see below. The passage in question starts at second 20.
link to Twitter content
Who is actually Warren Buffett? Buffett has been CEO of Berkshire Hathaway since 1970 (see below). He arrives medially as
Oracle of Omaha repeatedly attracts attention – especially when it comes to questions about finance, wealth and investment strategies.
As a financial manager, he named the investment strategy named after him
buffettology shaped. Buffett was born in 1930, the son of a stockbroker.
Berkshire Hathaway: Is a company based in the USA. The company is home to more than 80 companies, either owns them completely or has an interest in them.
Some of the most well-known brands and companies that Berkshire Hathaway has a stake in include: Coca-Cola, Gillette, The Washington Post. However, Berkshire Hathaway’s main business is insurance.
Classification: It is hardly surprising that Buffett is blowing the proverbial horn in publicity for Apple: How so Handelsblatt reported on 087/16/2022
(Warren Buffett) continued to (steadily) increase his stake in Apple. At the end of June, Berkshire held 894.8 million Apple shares valued at $122.3 billion. That is almost five million shares more than three months previously, (…).
From a more recent report, dated 02/15. of this year, published on investors.comreveals that Berkshire Hathaway owns a 5.8 percent stake in Apple.
What do you think of finance tycoon Warren Buffett’s hot take? Are you Apple fanatics and would you give up your iPhone for a five-figure sum? Or is it the other way around: would you have to be offered $10,000 to even mount an iPhone? Feel free to share in our comment column.