Billionaire activist investor Carl Icahn says he has sold his entire stake in Apple.
He told cable TV network CNBC that was because of China’s economic slowdown and his worries about how the Beijing government could “come in and make it very difficult for Apple to sell there”.
Icahn owned 45.8 million Apple shares at the end of last year.
Carl_C_Icahn CNBC Catch a recap of Mr. Icahn’s interview here: https://t.co/LHq9ktdswF Thank you for joining us today!— Power Lunch (@PowerLunch) April 28, 2016
Icahn had been a huge cheerleader for the tech giant, buying his stake almost three years ago, and he has repeatedly calling that investment a “no brainer”.
And in the interview he said he had told Apple CEO Tim Cook it is “a great company”.
His revelations came just days after Apple posted its first decline in iPhone sales and its first revenue drop in 13 years.
Asked when he might get back in, Icahn replied: “I don’t think it’s the price point. I think it’s my opinion abou
