Buffett says it was too early to sell Apple stock, but currently will not "buy back in"

The famous investor known as the "Oracle of Omaha," Warren Buffett, stated in an interview with CNBC that his investment flagship Berkshire Hathaway (BKR.A.US) sold its Apple (AAPL.US) shares too early and will buy more, but not in the current market environment.

He mentioned that if Apple's stock price continues to decline, he will keep increasing his position. However, he believes that even though Apple's stock price has fallen over 14% from its recent highs, it still lacks attractiveness. He pointed out that when Apple's stock price reaches a certain level, a large buy-in is not impossible, but not in the current market.

Buffett stated that Berkshire has recorded over $100 billion in pre-tax profits from Apple shares and positively evaluated the performance of Apple's CEO, Tim Cook. He also expressed that he is pleased to see Apple become Berkshire's largest holding, but he is not happy that Apple's holdings are nearly equal to the total of all other holdings combined.

He also announced during the interview that he will restart his famous charity lunch auction