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Billionaire Icahn Exits Apple Stake After Three Years
Billionaire Carl Icahn, who first disclosed his stake in Apple Inc. almost three years ago, has sold out of his position because of concerns about the company’s relationship with China, the activist said Thursday. “We no longer have a position in Apple,” Icahn told CNBC. Icahn sold most of his remaining stake in February, he said. “I got out because I’m worried about China.” Icahn perceives a risk in Apple’s relationship with China and that made his already profitable investment in the company no longer a “no-brainer,” he said. China shut down Apple’s iTunes Movies and iBooks services recently, ... (full story)