Icahn Stories April 30, 2016

AAPL: 93.74

-1.09

There was lots of news for Apple this week with the company’s Q2 2016 earnings representing some notable declines across the board despite reporting $50.6 billion in revenue and $10.5 billion in profit. But readers were more interested in the latest rumors and expectations for the upcoming iPhone 7 and Apple Watch 2, as well as some new “exclusive” Apple Music and iTunes releases and this week’s new apps and updates.

Head below for all the handy links to this week’s top stories and more.

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Icahn Stories May 18, 2015

High-profile investor and AAPL shareholder Carl Icahn has published yet another open letter to Apple CEO Tim Cook, this time giving his thoughts on new product categories that he expects Apple to enter alongside his usual advice for the company on share repurchases, valuation, and more.

As for his product predictions, Icahn highlights two new big categories, both of which have been reported in detail and rumored for the last year, including TV and electric vehicles. Icahn thinks Apple will release full-fledged UHD TV sets sometime next year…

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The best 4K & 5K displays for Mac

Icahn Stories February 28, 2014

This morning, Apple is holding its 2014 official shareholders meeting from its Infinite Loop campus in Cupertino, California. The proceedings are just beginning, and Apple executives are expected (per usual) to field questions from attending shareholders.

One of the orders of business at this meeting is voting to approve or reject both proposals from Apple’s management and shareholders. Bloomberg‘s Jon Erlichman reports that shareholders have rejected every proposal created by other shareholders while all proposals from Apple management have been approved…

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Icahn Stories January 28, 2014

As Apple opened down nearly 8% following yesterday’s earnings report from the previous quarter, activist investor Carl Icahn announced this morning his third $500 million purchase of Apple stock since the start of the month. Icahn has notably made a lot of noise being vocal toward Apple’s Board of Directors urging a larger buyback program for shareholders, something Apple’s Board has taken a position against, and today’s investment pegs Icahn’s ownership somewhere around $4.1 billion. Icahn’s recent purchases come ahead of Apple’s scheduled shareholder meeting on February 28, 2014. expand full story

Icahn Stories January 23, 2014

Just yesterday, activist investor Carl Icahn revealed that he has invested another $500 million into AAPL stock. Just around 24 hours later, Icahn has posted on Twitter that he invested another $500 million. That brings his total investment into Apple stock to $3.6 billion. This means that he is closing in at 1% ownership of Apple’s stock…

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Icahn Stories November 15, 2013

Size of Carl Icahn’s AAPL stock purchase revealed: $1.85B at the time, now around $2.5B

Billionaire investor Carl Icahn tweeted back in August that he had taken “a large position” in Apple, but we didn’t know at the time what the number was, beyond speculation that it was more than $1B.

A regulatory filing now reveals that he purchased 3.88M shares, which at the time would have been worth $1.85B, reports Business InsiderWith the increase in AAPL’s stock price, and additional purchases Icahn made since, it’s estimated that he now holds around $2.5B worth of Apple shares.

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