Warren Buffett, one of Apple's largest shareholders, finally owns one of the company's most popular products.
The billionaire investor revealed Monday that he recently traded in his flip phone for an iPhone. The Berkshire Hathaway CEO told CNBC that his old Samsung phone is"permanently gone." He teased that he might crush his old phone at Berkshire Hathaway's upcoming annual meeting in May.It doesn't sound like he has many apps or uses the customizable memojis on his iPhone -- he says he simply uses it"as a phone." Berkshire owns around 5.6% of Apple .
Read MoreBuffett's new iPhone is not his first Apple gadget: He previously said he uses an iPad to check stocks. He even sent his first tweet from an iPad in 2013.Buffett's old phone was a Samsung SCH-U320. He showed that phone off to CNN in 2013 and joked that Alexander Graham-Bell gave it to him. His comments come after his company, Berkshire Hathaway, reported its latest quarterly results on Saturday. The conglomerate posted a net profit of $29.2 billion and operating earnings of $4.
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