American business magnate, investor, speaker and philanthropist Warren Buffett said the iPhone is enormously under-priced.
While celebrating his 88th birthday on 30th of August, Mr. Buffett said that the iPhone is “enormously under-priced” regardless of its $1,000 price label, owing to its usefulness.
“I have a plane that costs…a million dollars a year. If I used the iPhone like all my friends do, I would rather give up the plane,” Mr. Buffett added.
Mr. Buffett is considered one of the most successful investors in the world and has a Net Worth of US$84 billion as of June 3, 2018, making him the third wealthiest person in the world.
Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970.
