Berkshire Hathaway CEO Warren Buffett believes that people would rather part with their second car than their iPhone because the latter is an exceptional, valuable product. While Buffett does not understand the iPhone in particular, he said that he understands consumer behaviour. In April, Buffett stated that people would choose to keep their iPhones, even if they were offered $10,000 in exchange and the promise not to buy another one.
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This is what Warren Buffet has to say about iPhone
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