Warren Buffett: Apple Makes Its Products Indispensable | CNBC

CNBC’s Warren Buffett, Berkshire Hathaway chairman and CEO, joins CNBC’s Becky Quick for an exclusive interview.

Warren Buffett bought slightly more Apple shares recently, and hopes the stock would drop 10% because if the stock goes down, Apple will buy a lot more stock. He said if the price goes down 10%, it means Apple gets to buy 10% more shares, and Warren Buffett’s interest will go up 10% for spending that money.

Warren Buffett said he would rather give up his million dollar per year airplane than his $1,000 Apple iPhone because of the importance of the utility of the iPhone.

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