Billionaire investor Carl Icahn told CNBC on Thursday he has sold his Apple position as the tech giant’s stock continues to shed value in the wake of disappointing earnings.
Icahn: We’re out of Apple, and it’s China’s fault
He said “we no longer have a position” in the “great company” where “Tim Cook is doing a great job.”
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“We no longer have a position in Apple,” Icahn told CNBC’s “Power Lunch” on Thursday, noting Apple is a “great company” and CEO Tim Cook is “doing a great job.”
This article originally appeared on Recode.net.
