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Warren Buffett prefers flip phones — and he’s not alone

Billionaire investor Warren Buffett says he’s not giving up his flip phone just yet, and he’s not the only one.

Buffett told CNBC Wednesday that he’s not interested in a new smartphone, even though Apple CEO Tim Cook has personally tried to convince him to join the iPhone revolution. Buffett isn’t alone. About 510 million flip phones were shipped worldwide in 2016, down from 543 million the year before. Smartphone shipments were triple that number, at about 1.47 billion in 2016, up from 1.44 billion in 2015.

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