Investor Carl Icahn Dumps Apple Shares Over China Concerns

[mkeeley]

Dump high, hope people follow suit, buy low and repeat?

 

[2457282]

Two years later and Macrumors still uses the same photo

https://www.macrumors.com/2014/01/28/icahn-buys-more-shares/

Since the first photo was used, I have requested that MR uses anything else. If MR really likes that one then please consider this one.

 

[osaga]

So he sold his shares earlier this year and is just now commenting on his "china concerns", valid as that may be he goes on to say that he would get back into AAPL if "China is steadied" -which is vague. Maybe Carl is just trying to add some fuel to the selloff fire in order to buy back in at a lower price. Its a 10 p/e right now, and the OLED glass back iPhone 8 in 2017 sounds like a killer to me.

 

[radus]

usually people like Carl Icahn know very well what they do - leaving a sinking ship is not a bad idea

 

[yaxomoxay]

You do realize that Apple had rises and then big sell offs under Steve Jobs as well? This is not something that just started under Tim Cook. Also, outside of Facebook a lot of tech stocks have been down quite a bit over the past week or so. Both Google and Microsoft were down over 6% after they announced earnings.

The problem is that Apple seems pretty static, and clueless. iPhone is in (relative) trouble, iCloud is inefficient, iPad is stagnant, product pipeline doesn't seem that great, they had several sw blunders in a row. Add the fact that Apple's marketing strategy is lacking (same old thing over and over, except for the Cookie monster, I give you that).
That's the real problem, not only the stocks. Apple needs a shake up.

 

[MacFather]

Deleted.

 

[Hieveryone]

I think Carl wanted to take his profits and run. 2 billion bucks is no joke.

 

[smacrumon]

Is this in protest and support of Apple's offshore factory workers in China? If so, what a bold move by dumping stocks. Hope it sends a clear message to Cupertino.

 

[69650]

Another quarter where AAPL made billions in revenue and turned out billions in net profit...time to dump the stock, watch the price plunge, and go running for the hills!

I have never been able to understand AAPL's valuation and strange price movement (relative to comparable stocks).

The stock market is all about confidence in the future not the present. The problem for investors is that Apple is so heavily reliant on one product. The iPhone accounts for 65% of their revenues. That makes investors nervous because as we've seen with the likes of Blackberry and Nokia, a dominant position can easily slip away into nothing very quickly if something else better comes along. Apple will have to address this issue at some point if they can, which I think is the reason they're looking to go into the electric car business as that has the potential to generate massive revenues if they get it right.

 

[naeS1Sean]

As if the photo has anything to do with the content of this article.

You don't realize that that wasn't his point??

 

[metsjetsfan]

Fixed the headline for you:

"Carl Icahn Pumps and Dumps AAPL And Makes $2 billion."

The Wall Street garbage I've read today is making me feel like the entire world has gone insane.

Does that include dividends he received

 

[john123]

Another quarter where AAPL made billions in revenue and turned out billions in net profit...time to dump the stock, watch the price plunge, and go running for the hills!

I have never been able to understand AAPL's valuation and strange price movement (relative to comparable stocks).

The movements are actually pretty straightforward. What confuses you about its valuation? Perhaps the better question—what stocks do you think are comparable?

Maybe Carl is just trying to add some fuel to the selloff fire in order to buy back in at a lower price. Its a 10 p/e right now, and the OLED glass back iPhone 8 in 2017 sounds like a killer to me.

P/E ratios alone are one of the most misleading (and wrong) reasons to either invest or divest in a stock.

 

[KdParker]

I can't say his stance is wrong. China is being unusually aggressive about trying to stop Western influence. The USSR tried that as well, and it ended up costing them dearly in the end. People will naturally flock to the "forbidden fruit" out there.

Looks like higher resale value when I upgrade.

 

[Dr.Chroma]

You don't realize that that wasn't his point??

Must not have. But thanks for addressing this.

 

[metsjetsfan]

AAPL is lower than it was 1 year ago so it doesn't look like he was successful.

We dont know when he sold also he received dividends

 

[Karma*Police]

China has the western world by the balls and now they're starting to squeeze. Apples bubble can only grow so big before it bursts.

Bubble? Apple is valued like it's practically going out of business.

 

[TurboPGT!]

Fixed the headline for you:

"Carl Icahn Pumps and Dumps AAPL And Makes $2 billion."

The Wall Street garbage I've read today is making me feel like the entire world has gone insane.

You're not wrong on your feeling.

 

[ghost187]

The stock should go up over this move. I wish there was a way to ban him from purchasing anymore shares.

 

[NachoGrande]

What a creep. He was pumping it months ago... now he dumps it... "the activist" investor...

 

[CFreymarc]

Well, they are spending a ton of money on blue-water navy projects.

Our boys that run silent and run deep need new targets.

 

[hollowplayer]

probably read the iphone 7 rumor came out today and dump it all. I would do the same, apple is heading wrong way.

 

[TurboPGT!]

Apple's bubble has burst sadly, the lack of innovation is showing - I got an iPhone 6S and there is no ground breaking technology in it as such - Pressure sensitive screen is nice but still I rather it be waterproof or bigger battery.

LOLOLOLOLOLOLOLOLOL.

I can't. I just can't.

 

[Whitelobster]

Two years later and Macrumors still uses the same photo

https://www.macrumors.com/2014/01/28/icahn-buys-more-shares/

Yeah, I know! I want a hotter, more recent pic of iCahndy!!

 

[69650]

What makes me angry about this story is not the profit Icahn has made. There are plenty of greedy bastards on Wall Street. No, what makes me mad is how much money Apple have wasted on share buybacks to please this guy and his mates. That is a criminal waste of money. It could have been spent on long term investments that would have bolstered the share price long term. Think of all the companies they could have bought with that money and how that would have added to their bottom line profits. Or they could have just given it away to charity. Steve Jobs wanted to change the world - that money could have eradicated Malaria across the world. Now that would be a legacy to be proud of.

 

[macjoshua]

All these doom and gloom articles on Apple, I.e. Revenue decline, iPad Deflation, Apple Watch decline, a tragic dear in Cupertino, now shares being sold. Anything positive today on Apple? What's next, Tim Cook resigns?

I think Tim Cook resigning would be a positive thing...