iPhone X it is too cheap for what it offers, according to Warren Buffet, one of the most famous investors in the world, and one of those who has extremely large investments in Apple shares. Although the iPhone X costs 1000 dollars, Warren Buffet claims that its price is much too low compared to the experience it offers for people, this being a phone that people live their lives with every day, and for this reason the selling price it should be much bigger.
Last fall, iPhone X was the most expensive smartphone dedicated to the general public, but since then the market has become more "crowded" and other competing models have appeared that cost about the same. Warren Buffet says that the existence of competition is the main reason why the Apple company will not increase the price iPhone XS, some rumors even saying that the model with a 5.8-inch diagonal screen would be even cheaper than the iPhone X, which is not hard to imagine.
iPhone X is TOO CHEAP, Says Warren Buffet
iPhone X is a very popular smartphone, still being in the top of the best-selling smartphones for several months, even though it is very expensive, and Warren Buffet appreciates it even though he does not use a smart phone. The iPhone X helped Apple set new revenue records, although sales have not increased substantially in recent fiscal quarters, with the average selling price of iPhones also increasing recently.
"It's got competition so you can't push the price, but in terms of its utility to people and what they get for a thousand dollars... you can have a dinner party that would cost that, and here this is, and what it does for you, it's incredible. I have a plane that costs me a lot, maybe a million dollars a year or something of the sort. If I used the iPhone — I use an iPad a lot — if I used the iPhone like all my friends do, I would rather give up the plane."
The company owned by Warren Buffet bought shares totaling 5.1% of the total issued by the Apple company, so it has every interest in iPhone X being in the world's attention as much as possible. Probably few people share his feeling that the iPhone X is way too cheap for what it offers, but that matters less, because Apple decides what prices it charges for its phones, regardless of what people's impressions of its products are.
