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.
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”.
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Source: Euronews
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