Warren Buffett praises Apple — but reveals he's cut his massive stake in the iPhone maker

Berkshire Hathaway held $135bn (€126bn) of shares in Apple at the end of March, down from $174bn at the end of last year

Warren Buffett, founder of Berkshire Hathaway: Apple will remain its largest investment.

At Berkshire Hathaway’s weekend annual meeting in Omaha, Warren Buffett heaped praise on Apple — after revealing he’d cut his stake in it.

Berkshire Hathaway reported it held over $135bn (€126bn) worth of shares in the iPhone maker at the end of March, down from over $174bn at the end of last year. The move quickly became one of the biggest topics as the meeting unfolded, even though Berkshire had sold some shares in Apple previously.