“That’s according to Warren Buffett, CEO of Berkshire Hathaway, who took to CNBC on Monday morning to discuss his continued faith in Apple,” Bary reports. “Buffett has, in the past year or so, amassed a sizable stake in the company.”
“The device ‘has some price sensitivity’ but ‘it’s very, very little,’ he said in the segment, following Berkshire’s annual meeting,” Bary reports. “This comes as Apple prepares to launch its upcoming iPhone later this year. There’s been speculation that the flagship model could cost more than $1,000, which is certainly expensive. But, increasingly, consumers have been opting for pricier models, driving up the average selling price of an iPhone.”
Read more in the full article here.
MacDailyNews Take: Apple will sell as many “iPhone 8” units as they can make, box, and ship regardless of the price tag they place upon them.
Apple targets high-value consumers. Apple separates the wheat from the chaff with their value proposition. Android phone assemblers generally do not target high-value consumers (they target price-conscious customers with endless BOGOF promos) and when they do go after the high-end, they simply do not compete well against iPhone.
Apple customers are the wheat. [Those who settle for Android] for whatever reason, failed to make the cut; they are the chaff. — MacDailyNews, November 13, 2013
Global elites’ love of iPhone made Apple’s iOS a prime CIA target – March 7, 2017
Apple iPhone users spend more than ever on apps – February 21, 2017
Apple users have higher credit scores than Android and Windows users – January 24, 2017
Poor man’s iPhone: Android on the decline – February 26, 2015
Study: iPhone users are smarter and richer than those who settle for Android phones – January 22, 2015
Why Android users can’t have the nicest things – January 5, 2015
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Android users poorer, shorter, unhealthier, less educated, far less charitable than Apple iPhone users – November 13, 2013
IDC data shows two thirds of Android’s 81% smartphone share are cheap junk phones – November 13, 2013
CIRP: Apple iPhone users are younger, richer, and better educated than those who settle for Samsung knockoff phones – August 19, 2013
iPhone users smarter, richer than Android phone users – August 16, 2011
Study: Apple iPhone users richer, younger, more productive than other so-called ‘smartphone’ users – June 12, 2009