Warren Buffet is undoubtedly one of the most important investors in history. His investments always have a margin of safety and his stock market practices have made him an oracle. His fund is called Berkshire Hathaway Inc, and currently has assets worth $900 billion. Holds 5% of Appleabout $170 billion in stocks, 12.9% of Bank of America, 9.2% of Coca-Cola and 20% of American Express, among many other multinationals.
Until 2016, Buffet showed no interest in the technology sector. I thought I was unreliable, unstable, didn’t have the stability I needed, and that things could change too quickly. However, one day he decided to acquire $1 billion worth of Cupertino stock, and he hasn’t stopped since. Well yes, in February 2024, when sold around $2 billion of its portfolio which actually served to reorganize its holdings in the AI sector.
$10,000 in exchange for your iPhone
A while ago, the investor had a casual interview with CNBC in which he discussed many topics. His investments, his life, why he decided to enter the technological world. And above all why Apple is the company with the highest percentage of its portfolio
To this question, Buffet commented that not a big fan of the tech sector, but that Tim Cook is “one of the most elegant CEOs. “He understands the business and he has a product that Steve Jobs essentially invented, but Tim Cook has run this business in an extraordinary way.”
Warren Buffet understands that it’s not just about numbers. These feelings are also very important in the market
To prove his point, he talked about user brand loyalty. He said that “if you’re an Apple user and someone offers you $10,000, but the only condition is that they take away your iPhone and you can never buy another one, you are not going to accept it. “If they tell you they’ll give you $10,000 and you don’t buy another Ford car, you’ll take the $10,000 and buy a Chevrolet instead.” There is a certain audacity behind these words.
10,000 dollars or an iPhone, the answer from the Applesfera editorial team
Personally, I agree with him, I won’t stop using the iPhone even though now they gave me $10,000. I think it gives me a lot more, in qualitative and quantitative terms, to have a phone that I like and not one that I have to struggle with to make it work, than 10,000 dollars (or dollars) currently.
I asked two of my colleagues the same question. On the one hand Isra Fernández, our coordinator, and on the other hand Miguel López, editor. Below are their responses:
Israel:
The dilemma posed by Warren Buffett is very interesting because he understands our emotional connection with Apple. From a moral point of view, giving up the iPhone for life means giving up 50% of the possibilities of a smartphone. In my case, it would be difficult for me to choose, although I would try to cheat: accept this $10,000 without hesitation and accommodate my work system between the best possible Android phone and my iPad, as has been the case for years. years before making the final choice. switch to iPhone.
However, there is one certainty in all this: it is much easier to switch from Android to iOS than from iOS to Android. Those of us who work with both systems out of “obligation” still agree on this point. Somehow, You feel like an orphan and it may be because of the organic nature of your systems.. Tim Cook may or may not be the best at what he does, but it is true that he has been able to perpetuate Apple’s maxim: elevating the brand and guaranteeing its value beyond its technological function.
Miguel:
I’m between two possible answers. The first is to continue using the iPhone since I prefer it, even more than having $10,000 in my bank account. What I’m about to say may sound bad, but 10,000 dollars is not a lot of money
. This is equivalent to buying 5 high-end iPhones with good storage. If I stayed here, I would up the ante on Warren Buffet and guarantee that I would stop using the iPhone for a minimum of $100,000. And tax free, of course! And I would aim for one of these little androids for convenience.
The second answer is more of a gamble: say yes to Buffet and accept this $10,000 thinking that the iPhone won’t last forever. Let’s think about the iPod: if Warren Buffet had offered me this at the height of this player and I had said yes, I would have lived without the iPod but I could have bought the iPhone. You can now do without the iPhone and calmly wait for another device to replace it, whether Apple Glasses or something else. It would be a break of a few years.
Regardless, what would you do? Would you accept this proposal from Warren Buffet? If it was (much) more money I wouldn’t think much of it, but it’s not that much consider a change in life. But hey, who knows, there has already been speculation that augmented reality glasses could replace the iPhone. If that’s the case, I think we’ll all accept the $10,000, but until then my answer is no. Which one is yours?
An older version of this article was originally published on 04/14/2023.
In Applesfera | iPhone 16: release date, price, models and everything we think we know about them
In Applesfera | iPhone SE 4: release date, price, models and everything we think we know about them