Warren Buffett: Obsessing over iPhone X sales in the near term ‘totally misses the point’ on Apple’s stock

Warren Buffett, on CNBC’s Squawk Box:

“The idea that you’re going to spend loads of time trying to guess how many iPhone X … are going to be sold in a three-month period totally misses the point,” the Berkshire Hathaway chairman and CEO said in a “Squawk Box” interview that aired Friday. “It’s like worrying about the number of BlackBerrys 10 years ago.”


Apple has “a wide, wide gap. I mean it’s an amazing business,” Buffett told CNBC’s Becky Quick. “You can put all of their products on a dining room table.”

I’d like to see a picture of that.

I find it fascinating that one of the wealthiest people on the planet drives through McDonalds every morning for breakfast and has exact change prepped before his order is even rung up.

Follow the headline link to check out the video of this interview. Buffett is an insightful mind, a shrewd investor, and he bought 75 million shares of Apple stock during the first quarter.