Warren Buffett, the legendary CEO of Berkshire Hathaway, found himself in a technological predicament this week when the phone lines at the company’s headquarters went down. But being the savvy businessman that he is, the 93-year-old billionaire didn’t let this setback stop him from working – he simply switched to his iPhone.
“I don’t know how to do much with it, but I do know how to answer calls,” Buffett humorously told The Omaha World-Herald. This move to his iPhone came after Buffett only upgraded from a $20 flip phone four years ago.
Despite his limited knowledge of the device, Buffett managed to continue his work calls seamlessly. This news comes just days after Berkshire Hathaway’s annual shareholder meeting, where the conglomerate made headlines for cutting 13% of its stake in Apple, selling around $20 billion worth of shares.
However, Apple still remains Berkshire’s largest holding, with the company holding 6% of the tech giant’s shares worth about $167 billion. Buffett expressed confidence in Apple’s leadership under CEO Tim Cook, hinting that the reduction in stake was for tax reasons.
As Buffett navigates the world of smartphones and continues to make strategic investment decisions, the business world eagerly awaits his next move. With Apple still a significant part of Berkshire’s portfolio, it’s clear that Buffett’s influence in the tech industry is far from over.