Oracle of Omaha dumps some of his Apple shares

Apple has been Berkshire's largest stock position for several years, but in the third quarter, Berkshire sold roughly 22 per cent of its stake in Apple, from $174.3 billion to $135.4 billion. This decision to trim its holdings came after an 11 per cent drop in Apple’s share price during the same period and signs that the company’s China business is going tits up.