Icahn bites into Apple

Shares in Apple rose sharply after corporate raider Carl Icahn revealed he had taken a "large position" in the company, calling the US tech giant "extremely undervalued".

Shares in Apple rose sharply after corporate raider Carl Icahn revealed he had taken a "large position" in the company, calling the US tech giant "extremely undervalued". Mr Icahn wants Apple to return more cash to shareholders. He said he'd had a "nice" conversation with Apple CEO Tim Cook and planned to speak to him again shortly.

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