From
The New York Times:
Billionaire investor Carl Icahn unloaded his Apple shares over the company's prospects in China.
CNBC has an article by
Jacob Pramuk about it:
Billionaire investor Carl Icahn told CNBC on Thursday he has sold his Apple position, as the tech giant's stock continues to shed value after disappointing earnings.
"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 previously owned a little less than one percent of the tech giant's outstanding shares, which were down more than three percent by mid-afternoon on Thursday after falling more than six percent on Wednesday. He said he made roughly two billion dollars on Apple, a stock he continued to tout as "cheap" despite his reservations.
Rico says even genius investors can be wrong... (Hide and watch.)
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