Despite Apple’s $50 billion quarter with $10 billion in profit,the January to March period marked Apple’s first quarter in 13 years without growth including year-over-year iPhone sales declines for the first time. Apple set the expectations back in January, but its stock still took a beating after this week’s earnings report. Now activist investor Carl Icahn, or who has been very rowdy about what he thinks Apple should conclude in the past,tells CNBC he has sold his massive share of Apple stock. Icahn once owned nearly 1% of Apple’s shares, and publicizing that he’s out of the stock will likely influence other investors to follow. more…
Filed under: AAPL Company Tagged: AAPL
Source: 9to5mac.com