Would Warren Buffett buy the iPhone 7? Probably not!!

Came across this very interesting article in today's Economic Times feed. Really makes you think if buying the new #iphone7 is worth the amount you need to shell out.

This article makes a very compelling case that for any value conscious consumer, there are many other phones available in the market - mostly at lower price point, with similar or better features.

The entire debate can be summed up with the Buffet quote cited in the article:

Buffett has been quoted as saying: "'Price is what you pay; value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." Clearly value for money is Buffett's motto and the iPhone 7 is definitely not 'marked down'. 
I would definitely rate this as a must read article before one decides to go and buy the new #iphone

Original article can be found here


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