Berkshire Hathaway cut its stake in Apple by about 13% as its cash pile hit a record high in the first quarter. A bearish signal all around?

Warren Buffett said that while Berkshire Hathaway sold Apple shares, his view on the attractiveness of the investment hasn't changed, but he thinks it's a good time to build Berkshire's cash position.

Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.

Investor Warren Buffett's Berkshire Hathaway on Saturday reported first-quarter earnings of $11.2 billion and revealed it is now holding a record-high total $189 billion in cash reserves.

Among the most interesting nuggets in Saturday morning's Berkshire earnings is the 13% reduction in its stake in Apple Inc., which may be a topic for Warren Buffett to address during the upcoming questoin-and-answer session.

Berkshire Hathaway held its annual meeting on Saturday with Chairman and CEO Warren Buffett tackling a range of topics, including artificial intelligence, who will be responsible for the portfolio in the future,

The legendary investor praised the iPhone maker at his annual meeting in Omaha, Neb., even after revealing that Berkshire had slashed its stake in the first quarter.

After a one-hour lunch break, Warren Buffett and Greg Abel are set to return to the stage in Omaha for another two hours of questions from shareholders.

Tens of thousands of Berkshire Hathaway shareholders and Warren Buffett fans flocked to Nebraska this weekend to consume Berkshire (BRKB)-owned See’s Candies and Dairy Queen Dilly Bars, compete in newspaper-throwing contests and,