Famous billionaire Warren Buffett, "the 7th richest person in the world" according to Forbes, announced that they sold 100 million Apple shares.
Buffett, also known as the "Oracle of Omaha," said his Berkshire Hathaway holding, one of Apple's largest shareholders, saw its stake in Apple fall from $174.3 billion in December to $135.4 billion in March.
Speaking to thousands of Berkshire Hathaway shareholders at the company's annual meeting, Buffett, 93, told a room packed with Apple CEO Tim Cook that his "faith in Apple remains unshaken," according to The Guardian.
Calling the US-based technology giant Apple products "one of the greatest products of all time," Buffett said its sales fell for the fifth time in six quarters.
Buffett, who sold about 13 percent of his shares in Apple, whose current market capitalization is about $ 2.8 trillion, has 790 million Apple shares even after the sale.
