I've had this for 3 or 4 months now. Sure, I don't use it much, but I thought I was buying a really nice tool. I just went to use it to replace the battery on a device, and the bit fell out. It is NOT magnetic. WHY? I mean, I get it that sometimes you don't want a magnetic bit because you are dealing with sensitive electronics, but for fock sake, why would you try to have interchangeable steel tips without a magnetic receiver? Gravity is still a thing regardless of what you are working on. I am See full review