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.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles