Carl Icahn

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...

Apple and its long-rumoured but shelved plans for a television set are making waves it seems: Following the Wall Street Journal report claiming Apple had stopped working on the iTV about a year ago, activist analyst Carl Icahn appeared today on CNBC, saying that he can't even know what the WSJ reporter says. While speaking...

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...

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...

Speaking with CNBC earlier in January, activist investor Carl Icahn expressed his belief that Apple stock is still undervalued and he would update his price target from $203. Back then, AAPL was trading at $115.78. Fast-forward to today, and Icahn has issued a letter to his Twitter followers (205k) with his new price target: $216.30....

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...

As promised yesterday, activist investor Carl Icahn has published an open letter to Apple CEO Tim Cook asking him to "present the Board our request for the company to make a tender offer, which would meaningfully accelerate and increase the magnitude of share repurchases." In the letter, which is entitled, "Sale: Apple Shares at Half...

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...

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...

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...

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...

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...