Carl Icahn

Billionaire Investor Carl Icahn Dumps Stake in Apple

Billionaire investor Carl Icahn has sold his stake in Apple after the tech giant reported the first drop in iPhone sales and profits in 13 years. "We no longer have a position in Apple," Icahn told CNBC's "Power Lunch," noting Apple is a "great company" and CEO Tim Cook is "doing a great job." Icahn...

Carl Icahn Writes an Open Letter to Tim Cook [READ]

Billionaire investor and activist Carl Icahn has today issued an open letter to Apple CEO Tim Cook, reiterating his earlier belief that the Cupertino company is undervalued and is worth almost double its current market value. At the value Icahn is suggesting ($240 per share), Apple would be a nearly $1.5 trillion company. In his letter, he...

Carl Icahn: I Can’t Wait to Drive an Apple Car [VIDEO]

While speaking to shareholders earlier today, billionaire investor Carl Icahn shared his excitement about Apple's upcoming products, including the rumoured Apple car. "I look forward to wearing the watch in the very near future and possibly driving the car in the more distant future” he said. According to CNN Money, Icahn’s comments suggest the billionaire is comfortable with the...

Carl Icahn: AAPL is Undervalued, New $203 Price Target Coming

Apple’s holiday quarter results didn’t impress just the analysts, but they also pleased investors like Carl Icahn. In an interview with CNBC, Icahn suggested that he may follow up on his own Apple stock price target and emphasized once again that it is still undervalued (via AppleInsider). From an activist investor’s point of perspective, Apple...

Carl Icahn’s Stake in Apple Reaches $4.5 Billion

According to a Fortune report, billionaire investor Carl Icahn has bought another 2.8 million shares of Apple during the first quarter of 2014, upping his stake in Apple to almost $4.5 billion. He now owns 7.5 million shares, which is just under 1% of Apple's 861 million shares. It is possible that Icahn took the decision to invest more...

Billionaire Investor Carl Icahn Drops Apple Buyback Proposal

A new letter signed by billionaire investor Carl Icahn reveals he gave up on Apple's $50 billion buyback push. He says, "there is no reason to persist with our non-binding proposal" (via BusinessInsider). While Wall Street has been disappointed with Apple's quarterly earnings – which pushed the company's stock price down – Carl Icahn has purchased...

Carl Icahn Buys $500 Million More in Apple Shares

Earlier this morning Carl Icahn, an activist investor, revealed that he has purchased an additional $500 million in Apple shares. The announcement comes after Wall Street’s disappointment with the company's earnings report. Apple’s share price closed at $550 yesterday and fell as low as $503 at open this morning. Last week, Icahn announced his share...

Billionaire Carl Icahn Buys Another $500M Worth of Apple Stock

After tweeting just the other day that he had spent $500 million on Apple stock, Carl Icahn has revealed that he has invested another $500 million, Reuters reports. This brings his total investment to $3.6 billion. Also, the billionaire tweeted that "if board doesn’t see Apple’s no brainer value, we sure do," and inked a...

Icahn Buys More Apple Shares, Now Has a $3 Billion Position in Apple

In a tweet posted earlier today, activist investor Carl Icahn confirmed that he now has a $3 billion position in Apple, up from about $2.5 billion in late October, confirming that has added about $500 million more to his Apple investment in the last few weeks (via The Wall Street Journal). He also added that Apple needs to significantly increase...