“Billionaire Carl Icahn likes to do more than just fire off angry letters to corporate directors,” Matt Egan reports for CNNMoney. “The legendary investor is also excited about Apple products that may or may not be in the works.”
“‘I look forward to wearing the watch in the very near future and possibly driving the car in the more distant future,’ Icahn, one of Apple’s largest and most vocal investors, told shareholders on Friday,” Egan reports. “The comments suggest the billionaire is comfortable with the idea of Apple spending enormous amounts of money on a rumored car venture.”
“Icahn is also very, very bullish about the Apple Watch, which the company is expected to reveal new details on at a ‘special’ event on March 9,” Egan reports. “The investor recently predicted the watch and accessories would generate an eye-popping $75 billion in annual sales by the fiscal year ending in September 2017. That’s pretty ambitious considering Apple’s iPad sales totaled $30 billion last year.”
Read more in the full article here.