Warren Buffett’s interest in Apple Inc. (NASDAQ:AAPL) has, to some degree, surprised Buffett watchers. The Oracle of Omaha has always been vocal about his dislike of tech companies, and he’s been even more eager to criticize those companies that apparently sell a one-off fad product.
But Apple is not as "faddish" as people believe according to Buffett, who spoke about his position in the company on CNBC last week. Buffett said he spoke to users and concluded the iPhone is central to their lives. "Apple strikes me as having quite a sticky and enormously useful product that people would use, not that I do."
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UBS: Warren Buffett Like Apple's 'Utility' Nature
A sticky...
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