Tim Cook reassures investors as Apple stock falls below $100

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Apple raked in the cash last quarter.
It's not the best of times for AAPL investors.
Photo: Jim Merithew/Cult of Mac

It’s not a good start to the week for Apple, as shares fell below the $100 mark even before the market opened.

Seeing investors panicking, Tim Cook shared a few thoughts with CNBC Mad Money host Jim Cramer — particularly reassuring him about Apple’s continued success in China, which Cook continues to be bullish on due to its “unprecedented” opportunities.

It’s not a great time to own Apple stock

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ThelmaLouise4_001Pyxurz
Thelma and Louise take a turn as stock market analysts.
Photo: Metro-Goldwyn-Mayer

Apple stock continued to tumble Friday, closing at $105.76 — down more than 20 percent from its all-time high of $134.50 earlier this year.

The precipitous drop is in line with dozens of other big-name stocks that have taken a turn for the worse in 2015, but what’s driving the downturn?

Carl Icahn: Apple could be one of the great stocks of the century

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Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

Carl Icahn is bearish on the current stock market. After making billions buying Netflix shares near $58, the iconic investor announced today that he’s cashing out now that the stock is trading around $677 because the ‘overheated.’

Despite pulling out of Netflix though, Icahn is still super bullish on AAPL and thinks that the stock is actually at the same point now as when he bought into Netflix back in 2012.