Carl Icahn dumps entire stake in Apple, citing China

Shares of Apple Inc. fell 2% on Thursday afternoon after activist investor Carl Icahn said he sold his stake in the company following the iPhone maker’s dismal second quarter. In an on-air interview with CNBC, Icahn, whose investment firm owned 45.8 million shares of Apple as of Dec. 31, according to FactSet, spoke about concerns he had regarding Apple’s growth, including sales in China, which plummeted 26% during the quarter.

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From:: Stock Market News

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