“Carl Icahn has sold all of his shares of Apple,” John Carney reports for The Wall Street Journal. “‘We no longer have a position in Apple,’ Mr. Icahn said in an interview on CNBC. Mr. Icahn praised the company and its chief executive, Timothy Cook. ‘I think it’s the greatest company,’ Mr. Icahn said.”
“So why sell? Mr. Icahn said it was concerns over China,” Carney reports. “In a call with investors discussing Apple’s second-quarter earnings, Mr. Cook said iPhone sales in mainland China had fallen 11% compared with the period a year prior.”
Carney reports, “In February, Mr. Icahn disclosed that he had sold 7 million shares, reducing his stake in the company to 45.8 million shares.”
Read more in the full article here.
“Apple shares quickly extended losses Thursday, falling more than [2.70] percent after activist investor Carl Icahn said he sold his stake in the company,” Fred Imbert reports for CNBC.
“Apple’s stock has taken a tumble this week,” Imbert reports, “falling nearly 9 percent, on the heels of weaker-than-expected quarterly results, which led to a slew of analysts cutting their price targets.”
Read more in the full article here.
MacDailyNews Take: More, please! Gassing up the truck and throwing it into reverse…
“Well some people will still need trucks….” LOL
Watch him buy all of his shares back once Apple reaches 20$.
3//2012 Apple announces dividend and share repurchase program. Share price on 4/1/12 $83.42
Price right now? $94.58
Not sure what you are talking about. On April 02, 2012, APPL closed at 618.63. There was a 7-1 split after that. Are you just trolling? That wasn’t a good attempt. Besides, April 1, 2012 was a Sunday. If you are referring to January 4, 2012, then AAPL closed at 413.44. That’s a $205 increase in 4 months. What did you write again???
2012? You do realize it is now 2016?
Hey, if Tim Cook can’t reverse Apple’s negative trends some investors will lose confidence. Add to Apple’s fiscal woes is the recent suicide on the Apple campus. This was not the act of a depressed person, but am angry and depressed person who wanted to make a personal statement against Apple. All is not well in the Magic Kingdom.
What a ridiculous theory of the tragic suicide. You obviously don’t understand why people commit suicide; it is the act of a very seriously pained, depressed person, and it has nothing to do with Apple or its stock price.
I don’t know too many people who are willing to commit suicide to “make a personal statement”…aside from terrorists who go on suicide missions to kill other people.
If an individual killed themselves in your home would you consider this a random act without meaning?
Joe. Take your medicine. Right now!
Repeating the same retarded insults that your fanboy brethren use. Not an imaginative bunch that you associate with.
I should take my medicine, bloodypeter’s mother gave me something that makes my dick hurt when I piss. Or was that your mother?
You’e attracting a lot of antagonists, Joe. That’s impressive. I’d advise you to register with MDN and become the official Joe (although that might already be taken, by previous bleeding-heart-liberal Joes or even-more-brain-dead Joes). But the lack of caring is singularly appealing and makes for great entertainment, especially in a United States that wants to elect Donald Trump and Carly Fiorina.
FU and your unsolicited advice, fanboy. If I wanted the opinion of an idiot I will call you directly.
This may be difficult to believe, but Joe you may be a bigger jackass than both Melvin and Sean combined…no small feat.
congratulations.
Oh, gee, I’m all shook up. Here’s a quarter, go call someone who gives a shit what you think.
Joe, public telephone calls cost a lot more than a quarter.
I agree with your take here. There may have been an intent to involve Apple in his very personal struggle.
Unless the location where he took himself offline was advantageous or assistive to the act, it’s likely he wanted people at Apple to know something. (i.e.; nobody throws themself off of the Golden Gate Bridge because they are angry at the bridge – they do it because it’s advantageous to the committing the act).
He could have been distraught about how his supervisor treats him.
(which could have lead to a depression)
He could have felt unnoticed/worthless in a sea of co-workers.
(which could have lead to a depression)
He could have been rejected by a lover who also worked at Apple.
(which could have lead to a depression)
The location of a suicide is very telling – when the location is not advantageous to the act. (I think this is what Joe means)
Oops…. Let me take a step back here. I agree with Joe’s second post at 7:22PM on 4/28. I do not agree with Joe’s post at 6:26PM.
Even though Depression is the primary factor in at least 50% of all U.S. – I would tend to go with depression as the factor leading to an event..
Some other reasons for suicide (the other 50%):
Antidepressant adverse reaction
Childhood abuse (sexual)
Prison inmate
Nocturnal sleep disturbances
Drug hallucinations
Adult abuse
Traumatic Brain Injury
I would not call self termination that causes the death of others as suicide. I would personally put it in another class It is either terrorism or just plain murder. Suicide is a very personal act that does not directly include other people. (How it affects other people is another subject)
Makes you wonder what others know that we don’t. Are we blindly holding onto our AAPL stock because we want to believe there’s another hit product? Maybe we’re holding on because the cap gains are too enormous to swallow.
But, as an AAPL stockholder, former employee, and fan… I’m not sure what the next big think is. I think most of us know it’s not a car. Sure, it’s something…
Yes!
I share your thoughts and concerns.
Regarding: “Makes you wonder what others know that we don’t.”
1. It is likely Carl Ichan needed to take some profits as his oil and gas related investments have tanked.
2. Why would we think that Carl Ichan knows something we don’t? Evidently he was wrong when he called buying Apple a no-brainer for months.
I also share your concerns. It’s getting harder to believe in the next great product. Maybe it’s out there, but how do we know? And while I’m reluctant to part with a large chunk of my Apple stakein part because of those large capital gains, it’s better to pay taxes on a larger amount now that do it later on a lesser gain.
AAPL is a stock that is almost impossible to own as it drives its owners crazy. I have stopped recommending it to others because of this reason.
Even Carl Ichan bailed out, IMHO, early. I watched his interview on CNBC and he mention his oil and gas stocks which convinces me that the paper losses in those stocks were part of his reason to show a profit.
Oh this is great news, glad to have him out as a share holder. The dollar value of the stock may be dropping but the ethical and moral value just skyrocketed.
So how low will it go 85$, 75$. I’m still making money and I sleep well at night, very well.
Ditto!
You are making money as Apple shares lose value? I see that you graduated summa cum laude from the Hugo Chavez School of Economics.
*SNAP* Our perspectives jibe again.
Great minds think alike (that’s for you too silverhawk). I think Carl icahn must have graduated from one of those “Me First” institutes cause that’s how far he can count.
The ‘Me’ generation poster boy.
Carl’s brother probably bought 7 million shares today.
No, he will wait for $85 or $90 and then tell everyone what a great investment AAPL is and how it will go to $240.
Pump – Dump – Repeat
Icahn didn’t say he sold everything today. He probably sold during the up-tick over the last few weeks.
He’s out of AAPL, but he’s not an idiot in investing.
Oh of course. Blame China. Typical microaggressions from the male dominated world of finance.
These ANALysts see a dip (and a very insignificant dip for that matter) and they think it’s the end of the world… Morons
Yes, Really Guy. 1st he’s primarily an investor…not an analyst. Secondly, when you have a billion invested in something, seeing a such “insignificant” dip in a stock, you may not want to wait around for another uptick, in light of related China factors mentioned. Remember that he’s working with other people’s $$ and he’s probably hoping to NOT be considered a “moron.” Btw, are you billionaire?
I will just keep pocketing my $1000+ per month with my dividend – so to me I am still making money.
I did not know AAPL pay dividends monthly.😜
☀☺Joy-Oh-Joy☺☀
No more having to read the know-it-all Carl Icahn rants about Apple. I could NOT be more pleased.
Let’s get back to Apple, the conscientious and qualified rebel creating technology against the grain of all the self-destructive, mediocre, parasite garbage of this human world, represented by the behemoth bankroll blowhards.
👍👍👍
The only benefit from Carl Icahn divesting all his AAPL shares is that the world doesn’t have to listen to yet another clown out for himself, wondering if he knows something they don’t.
They play their game. They pretend it’s real.
All companies should pay 80% of profits to share holders. After cost, research, salaries, etc., that leaves plenty of money for a company to grow. If not, the company needs to respond by making more money so their 20% actual would be more. If a shareholder is satisfied with the dividend, they will not sell their shares, stabilizing the share price. Of course, a smart group of business men and women would look for a way the company could own the shares or upon retiring the shares the dividends that would have been paid out would remain with the company.( i can’t believe i need to spell that out) This would satisfy those that believe debt, they’re nuts, tightens a company, remember RJR/Nabisco, and would chill any 1990, 1980 raider like acquisitions.
No profit, no payout. Three years to become profitable. So those dot coms getting rich by going public, yeah, that would be done. To offer shares to the public means the banks for whatever reason said no, but the company believes strongly in their product and service and can convince the public. The deal would then be, here is money to grow, but in three years 80% of the profits will be paid to shareholders. Hey, the owners could still own shares and make that 80% too.