Key Shareholder Carl Icahn Buys More Apple Stock Following iPhone 5c, 5s Unveiling

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Despite the fact that Apple’s stock value has taken a more than 5% dip since the company’s unveiling of the iPhone 5c and 5s yesterday, key shareholder and billionaire investor Carl Icahn has bought “quite a bit more” stock today.

In an interview with CNBC, Icahn described AAPL as a “no-brainer” and repeatedly insisted that now is the time to buy.

Icahn, who has always been very vocal about his investments, publicly announced that he had bought a large share in Apple stock last month. At the time, he said that Apple was incredibly “undervalued,” and he’s obviously sticking to that mantra.

One of the most exciting developments with Apple’s finances to Icahn is the company’s share buyback program. He has met with Tim Cook personally, and he probably has a good idea of what the future holds.

  • Petr

    obviously

  • ekim1406

    if hes making the purchase based on the knowledge of unreleased/unannounced Apple products, does that insinuate insider trading? seems like it might…

  • Steven Quan

    if hes making the purchase based on the knowledge of unreleased/unannounced Apple products, does that insinuate insider trading? seems like it might…

    Thank you! I thought I was the only person who felt this way. Carl iCon has Tim Cook around his finger and he is privvy to all the devices Apple is coming out with in the future.

  • HerbalEd

    I think Wall Street totally has it’s head way up it’s ass. By complaining that the 5C’s price is not what “they” think it should be … and calling the 5S “underwhelming” they’ve clearly shown that not only don’t they see the details they also don’t see the big picture.

    Given the immediate drop in Apple shares in the past two days, it’s a great time to buy Apple. Hell, if I weren’t already heavy with Apple stock I’d be buying.

    Over and over again, Apple has proven Wall Street wrong … and they’ll do it again this time.

About the author

Alex HeathAlex Heath is a staff writer at Cult of Mac and co-host of the CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like "ICONIC: A Photographic Tribute to Apple Innovation." If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Twitter always works too.

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