Sunday May 01, 2016

Billionaire Investor Carl Icahn Sells Entire Stake In Apple

Is it just my imagination, or has there been a steady rise of negative Apple articles over the last few weeks? I never thought I’d see the day when Apple would cease being tech media’s darling.

After years of high growth, reaching triple-digit percentage points in 2015, Apple now sells more in China than it does in the whole of Europe. But sales in the country are now shrinking, with revenue dropping 26% year-on-year in the company’s latest quarterly earnings. Icahn’s concerns aren’t related to the China slowdown, however. Instead, the investor is concerned with the barriers to trade that China’s authoritarian regime might put in place. "You can’t go into that business unless you’re like Samsung which is really like a country backing it," Icahn told US cable television network CNBC.

Comments