Warren Buffett is too scared to use his new iPhone X

Warren Buffett's optimism about Apple's future doesn't extend to using its products, CNBC reported Monday.

The billionaire chairman and CEO of Berkshire Hathaway told CNBC that he received an iPhone X as a gift, but isn't quite ready to use it — though he hopes to muster up the courage "one of these days." The phone was accompanied by an instructional letter, which Buffett joked was written as if "to a 3-year-old child."

Berkshire Hathaway's vice chairman Charlie Munger also doesn't use any Apple products, but both men have faith in its continued strength, CNBC reported. Buffett even said that he would "love to own 100 percent" of the company's stock. Earlier this year, Berkshire Hathaway purchased 75 million shares of Apple, giving it about a 5 percent stake in the company, The Mercury News reported.

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Buffett praised Apple's ubiquity and "utility," adding that Apple is "an incredible ecosystem that they've found ways to profit more from" with their new products.

Watch more of Warren Buffett's interview at CNBC.