Warren Buffett has traded his flip phone for an iPhone, and says Apple is 'probably the best business I know in the world'

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Warren Buffett told CNBC's Becky Quick in a Monday television interview that Apple is "probably the best business I know in the world."

The "Oracle of Omaha" also said that he has finally traded in his old flip phone for an iPhone.

He called the smartphone an "incredibly useful product to people that grows more useful."

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At 89 years old, Warren Buffett has finally switched to an Apple iPhone.

"My flip phone is permanently gone," he told CNBC's Becky Quick in a Monday television interview. He added that he'd been gifted several iPhones over the years, including some from Apple CEO Tim Cook. See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:Warren Buffett with a twist: A fund manager beating 99 of his peers breaks down his unique approach to stock picking and shares the 'worst thing you can say' at his firm24 products people waste too much money on that you should stop buying immediatelyMatthew Dent grew his fund's assets by 27 in just one year. He breaks down which company is the 'next Berkshire Hathaway' and shares 4 other top stock picks.

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