On February 22 Patently Apple posted a report titled "Warren Buffett Released his Annual Letter to Shareholders this morning wherein he reveals Berkshire Hathaway's official Stake in Apple." In February, Apple was listed as the #2 stock for Berkshire Hathaway, with American Express being #1. On February 24 Warren Buffet lavished Apple with praise in a CNBC interview where he admitted that he should have appreciated Apple much earlier. In a new Yahoo Financial news report published today we see that American Express has fallen #3 with Apple in the #1 holding of Bershire Hathaway by a wide margin.

The Yahoo report begins by stating that "Berkshire Hathaway CEO Warren Buffett, whose company is the largest stakeholder in Apple (AAPL), says he lacks the iPhone skills of a toddler despite a personal tutorial from the smartphone maker’s CEO Tim Cook.

Buffett told Yahoo Finance’s editor-in-chief Andy Serwer in an exclusive interview on March 10 in Omaha, Nebraska that he "went out to California, and Tim Cook very patiently spent hours trying to move me up to the level of the average two-year-old. And didn’t quite make it. We had a lot of fun. He is a terrific guy" and the iPhone is an "Unbelievable product."

Berkshire Hathaway’s position in Apple was worth $73.7 billion as of Q4 2019, which is more than double the cost of the investment. Berkshire first invested in Apple in 2016. For more, read the full Yahoo Financial report. Below is the full interview with Hathaway.