Warren Buffett\u2019s bet on Apple has yielded gains to the tune of $1 billion in a single day for Berkshire Hathaway. \u00a0Apple Inc, the American multinational technology company had released it\u2019s quarterly earnings report for the third quarter on Tuesday. Buffett\u2019s company, Berkshire holds 135 Million shares in Apple Inc. On the back of strong quarterly earnings posted by Apple Inc, its shares rose by 5.11% to $157.72 on Wednesday. In absolute terms the shares rose by $7.67. The math amounts to a gain of $1,035,319,579. Buffett will have to sell sell his company's shares at the current stock price in order to realize the gains. Berkshire Hathaway's holding also could have undergone a slight change since it last disclosed it as well, which may affect the gains.\u00a0Buffett had previously voiced a preference to avoid investing in technology stocks, but began building a stake in Apple in 2016. CNBC had earlier reported that the Warren Buffett added nearly 76 million more shares in January. The iconic investor had said back then, \u00a0"Apple strikes me as having quite a sticky product, and an enormously useful product to people that use it". The Company posted quarterly revenue of $45.4 billion and quarterly earnings per diluted share of $1.67. These results compare to revenue of $42.4 billion and earnings per diluted share of $1.42 fore the corresponding quarter in the previous year. \u201cWith revenue up 7 percent year-over-year, we\u2019re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,\u201d said Tim Cook, Apple\u2019s CEO. \u00a0\u201cWe reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share,\u201d said Luca Maestri, Apple\u2019s CFO. \u201cWe also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion\u201d, explained the CFO. Apple Inc also released it\u2019s earnings guidance for the fourth quarter, wherein it sees revenues between $49-52 Billion. "If you look at the products, we sold 41 million iPhones, but frankly it's better than that because we also reduced channel inventories by 3.3 million," CEO Tim Cook told CNBC on Tuesday.