Apple fanboy sells his shares in China Crisis

Stefan Mileschin · 30th April 2016, 09:52

Billionaire activist investor Carl Icahn has sold his entire stake in Apple because he thinks the outfit will get bogged down in China.

Icahn was a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a “no brainer.”

He owned 45.8 million Apple shares at the end of last year, but thinks that China’s economic slowdown and worries about how China could become more prohibitive in doing business triggered his decision to exit his position entirely.

“We no longer have a position in Apple. Tim Cook did a great job. I called him this morning to tell him that and he was a little sorry, obviously. But I told him it’s a great company,” Icahn said.

http://www.techeye.net/business/appl...n-china-crisis

30th April 2016, 09:52	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,553	Apple fanboy sells his shares in China Crisis Billionaire activist investor Carl Icahn has sold his entire stake in Apple because he thinks the outfit will get bogged down in China. Icahn was a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a “no brainer.” He owned 45.8 million Apple shares at the end of last year, but thinks that China’s economic slowdown and worries about how China could become more prohibitive in doing business triggered his decision to exit his position entirely. “We no longer have a position in Apple. Tim Cook did a great job. I called him this morning to tell him that and he was a little sorry, obviously. But I told him it’s a great company,” Icahn said. http://www.techeye.net/business/appl...n-china-crisis

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Intel CEO sells shares	Stefan Mileschin	WebNews	0	9th November 2015 10:40
Apple fanboy recants to inquistion after criticism	Stefan Mileschin	WebNews	0	8th January 2015 14:50
Samsung turns to metal in China crisis	Stefan Mileschin	WebNews	0	4th November 2014 08:58
Apple shakes up shares	Stefan Mileschin	WebNews	0	25th April 2014 06:39
Qualcomm about to have a China crisis	Stefan Mileschin	WebNews	0	30th January 2014 07:45
China crisis hits Sharp end	Stefan Mileschin	WebNews	0	13th November 2012 07:16
Apple experiences a slump in China: iPhone out of China's Top 5	Stefan Mileschin	WebNews	0	12th November 2012 07:55
Facebook Co-Founder Sells 450,000 Shares	Stefan Mileschin	WebNews	0	24th August 2012 16:37
China greenlights Apple's third-gen iPad for 3G use, China Unicom smiles knowingly	Stefan Mileschin	WebNews	0	31st May 2012 08:48
Apple's 4G advertising turning into a crisis	Stefan Mileschin	WebNews	0	2nd April 2012 06:57