Carl Icahn's Stake in Apple Passes $3 Billion Amid Continued Stock Buyback Pressure
Having purchased $500 million more $AAPL shares in the last two weeks, our investment has crossed the $3 billion mark yesterday.— Carl Icahn (@Carl_C_Icahn) January 22, 2014
For its part, Apple management has stated that it is continually evaluating its buyback program and that it plans to announce any changes to the program during the first half of this year.
Update: Icahn appeared on CNBC today to shed more light on his Apple position.
Icahn: Apple is a culture with a great ecosystem; what bothers me a hell of a lot is that billions of dollars is just sitting there. • $AAPL— CNBC Newsroom (@CNBCnow) January 22, 2014
Carl Icahn LIVE on CNBC: I'm actually better off if Apple does nothing. I plan on buying more of Apple's stock. • $AAPL— CNBC (@CNBC) January 22, 2014