Icahn bites into Apple

Apple shares rose sharply after Carl Icahn revealed he had taken a "large position" in the company, called Apple "extremely undervalued" and said he wants the company to return more cash to shareholders — news that pushed investor sentiment higher.

The article describes Carl Icahn as a corporate raider who has taken a large position in Apple. His public stake and push for the company to return more cash can influence market sentiment and attract attention from management and other investors.

According to the article, Icahn said he had taken a "large position," meaning he has made a sizable investment stake in Apple. The report does not disclose exact holdings or percentages.

Calling Apple "extremely undervalued" reflects Icahn's view that the company's market price is lower than he believes its true value. The article reports this as his opinion, not as an objective valuation or analysis.

The piece states Icahn wants Apple to return more cash to shareholders, indicating he is pressing for increased shareholder payouts. The article does not specify how Apple should do this or whether the company will comply.

Yes. Icahn said he had a "nice" conversation with Apple CEO Tim Cook and planned to speak to him again shortly, according to the article.

The article does not confirm any policy changes. It notes Icahn's public push and his conversations with Tim Cook, which could increase pressure on Apple, but no decisions or changes were reported.

The article reports that Icahn took a large position and that Apple shares rose, but it does not offer investment advice. It simply reports the events and statements; it does not recommend whether investors should buy or sell.