By news@appleinsider.com (William Gallagher) Famed investor Warren Buffett cut his firm’s Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand.Warren Buffett [Berkshire Hathaway]Buffett is not a long-term investor in Apple — his Berkshire Hathaway firm only started buying Apple stock in 2016 — but it became a particularly significant shareholder. Warren Buffett also taught both Steve Jobs and Tim Cook about the value of a company buying back its own shares, which it did again after its latest earnings report.As first spotted by CNBC, however, Berkshire Hathaway’s own Q1 earnings report reveal that it has cut its stake in Apple by 13% over the period. Apple remains Berkshire Hathaway’s biggest holding, worth around $135.4 billion. Continue Reading on AppleInsider | Discuss on our Forums

Source:: Apple Insider