Not everyone, however, is selling.
Billionaire investor Carl Icahn, for instance, has decided to put even more of his money where his mouth is.
Icahn first invested in mid-August, tweeting his satisfaction at the move and claiming that, at the time, Apple was definitely undervalued. His input was believed to be around the US$1.5 billion mark.
Now, Alex Heath for the Cult of Mac reports (via Macdailynews.com) that Icahn has upped his ante and bought “quite a bit” more stock.
Icahn gave an interview to CNBC, in which he said, “It’s just a no-brainer. It’s extremely cheap. I’m just looking at numbers… your return is 18 percent or 5.6 times.” You can see the full interview below.
by Macworld Australia staff