Investor Carl Icahn to Meet with Apple CEO Tim Cook on Monday, September 30

carl_icahnActivist investor Carl Icahn, who recently purchased around $1-2 billion in Apple stock, has a date for his meeting with Apple CEO Tim Cook to discuss the company's stock buyback plans and other issues, according to CNBC. The two will reportedly meet in New York City next Monday, September 30.

Activist investor Carl Icahn will meet with Apple CEO Tim Cook in New York City next week, where the billionaire may discuss the company's prospects, and the possibility of adding to his sizable stake in the technology giant.

Apple announced a stock dividend and buyback program in March 2012 as part of an effort to boost shareholder return as the company's cash and investment holdings have rapidly grown in recent years. Apple increased and accelerated the stock buyback program earlier this year, issuing debt to take advantage of a drop in the company's stock price.

Icahn believes that Apple should accelerate its buyback plans even further, arguing that it is a prudent move given the company's financial position and his belief that the company's stock remains undervalued.

Popular Stories

iphone 16 display

iPhone 17's Scratch Resistant Anti-Reflective Display Coating Canceled

Monday April 28, 2025 12:48 pm PDT by
Apple may have canceled the super scratch resistant anti-reflective display coating that it planned to use for the iPhone 17 Pro models, according to a source with reliable information that spoke to MacRumors. Last spring, Weibo leaker Instant Digital suggested Apple was working on a new anti-reflective display layer that was more scratch resistant than the Ceramic Shield. We haven't heard...
iPhone 17 Air Pastel Feature

iPhone 17 Reaches Key Milestone Ahead of Mass Production

Monday April 28, 2025 8:44 am PDT by
Apple has completed Engineering Validation Testing (EVT) for at least one iPhone 17 model, according to a paywalled preview of an upcoming DigiTimes report. iPhone 17 Air mockup based on rumored design The EVT stage involves Apple testing iPhone 17 prototypes to ensure the hardware works as expected. There are still DVT (Design Validation Test) and PVT (Production Validation Test) stages to...
Beyond iPhone 13 Better Blue

20th Anniversary iPhone Likely to Be Made in China Due to 'Extraordinarily Complex' Design

Monday April 28, 2025 4:29 am PDT by
Apple will likely manufacture its 20th anniversary iPhone models in China, despite broader efforts to shift production to India, according to Bloomberg's Mark Gurman. In 2027, Apple is planning a "major shake-up" for the iPhone lineup to mark two decades since the original model launched. Gurman's previous reporting indicates the company will introduce a foldable iPhone alongside a "bold"...
iphone 17 air iphone 16 pro

iPhone 17 Air USB-C Port May Have This Unusual Design Quirk

Wednesday April 30, 2025 3:59 am PDT by
Apple is preparing to launch a dramatically thinner iPhone this September, and if recent leaks are anything to go by, the so-called iPhone 17 Air could boast one of the most radical design shifts in recent years. iPhone 17 Air dummy model alongside iPhone 16 Pro (credit: AppleTrack) At just 5.5mm thick (excluding a slightly raised camera bump), the 6.6-inch iPhone 17 Air is expected to become ...
apple watch ultra yellow

What's Next for the Apple Watch Ultra 3 and Apple Watch SE 3

Friday April 25, 2025 2:44 pm PDT by
This week marks the 10th anniversary of the Apple Watch, which launched on April 24, 2015. Yesterday, we recapped features rumored for the Apple Watch Series 11, but since 2015, the Apple Watch has also branched out into the Apple Watch Ultra and the Apple Watch SE, so we thought we'd take a look at what's next for those product lines, too. 2025 Apple Watch Ultra 3 Apple didn't update the...
iPhone 17 Pro Blue Feature Tighter Crop

iPhone 17 Pro Launching Later This Year With These 13 New Features

Wednesday April 23, 2025 8:31 am PDT by
While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch until September, there are already plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models as of April 2025: Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone ...
iPhone 17 Pro on Desk Feature

All iPhone 17 Models Again Rumored to Feature 12GB of RAM

Tuesday April 29, 2025 3:36 am PDT by
All upcoming iPhone 17 models will come equipped with 12GB of RAM to support Apple Intelligence, according to the Weibo-based leaker Digital Chat Station. The claim from the Chinese leaker, who has sources within Apple's supply chain, comes a few days after industry analyst Ming-Chi Kuo said that the iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max will all be equipped with 12GB of RAM. ...
AirPods Pro 3 Mock Feature

AirPods Pro 3 Just Months Away – Here's What We Know

Tuesday April 29, 2025 1:30 am PDT by
Despite being more than two years old, Apple's AirPods Pro 2 still dominate the premium wireless‑earbud space, thanks to a potent mix of top‑tier audio, class‑leading noise cancellation, and Apple's habit of delivering major new features through software updates. With AirPods Pro 3 widely expected to arrive in 2025, prospective buyers now face a familiar dilemma: snap up the proven...

Top Rated Comments

Technarchy Avatar
151 months ago
This Icahn guy seems like a pain in the ass.

Tim Cook probably dodges his calls 10 times a day.
Score: 23 Votes (Like | Disagree)
everything-i Avatar
151 months ago
This guy is a parasite, he wants Apple to accelerate the buyback for one reason only, it increases the value of his holding. He doesn't give a damn about the long term or Apple as a company, all he cares about is his own wallet.
Score: 10 Votes (Like | Disagree)
Technarchy Avatar
151 months ago
This is all very bad news for Apple.

Icahn is bad news.

His involvement implies the beginning of the end for any company, including Apple. Just take a look at what happened with Dell.

I just don't understand Tim Cook at all.

Apple went from the industry leader to a company unable to innovate. It can't even get over its fixation on iPhone's tiny screen size.

And it went from a company that lets its stock price speak for itself, to having to rely on someone such as Icahn to cheerlead its stock. How pathetic is this?

And what is all this talk of paying out dividend? The fact that the payment of dividend is already being done now and that there are more talks of higher dividend payout by Apple is extremely, extremely, worrisome.

Payment of dividend by a company like Apple is an admission by Board and Management that Apple has transited from an innovative, growth driven company to a stagnant company relying on revenue generation rather than growth and innovation. It is an admission that Apple is unable to generate more returns using the cash for the shareholder as compared to giving the cash back to the shareholder and have the shareholder generate the returns himself.

Put it another way, if Apple is still the innovative and growth driven company like it used to be under Jobs, it would surely not payout any dividend -- no shareholders would want it to pay dividend -- because by keeping the cash within Apple and have Apple use the cash to generate returns, the shareholders are able to ensure that there is more returns that way -- since there are no other ways to generate a higher return than Apple.

By shifting to a dividend paying company, Apple is in fact admitting that it no longer has the ability to innovate and grow like it did before, and is thus not able to use the cash to generate a higher return as compared to giving the cash back to the shareholders and have the shareholders themselves generate a return.

Again, this is all very bad news.

The sooner Tim Cook is gone, the better.

He is the worst thing to have happened to Apple. We are in danger of a redux of the disaster that happened at Apple after Jobs was first ousted.

If nothing is done to reverse this, I think Apple would become like Microsoft or Dell and become irrelevant in a couple of years time like BlackBerry.

How droll, but I doubt this is intentional satire.

If you equate a bigger screen with innovation, I doubt you've ever endeavored to be innovative.
Score: 8 Votes (Like | Disagree)
Gasu E. Avatar
151 months ago
This needs nipping in the bud now before he starts expecting Apple to bend its business around his interests.

Icahn is a stockholder, and like all stockholders he is legally a partial owner of the company. Stockholders in the aggregate are Tim's boss. Insofar as Icahn's interests are in line with other stockholder's interests, such as wanting for Apple to pay out their unused mountain of cash, Apple should be listening to him very carefully, and doing the best they can for their owners.
Score: 7 Votes (Like | Disagree)
rmwebs Avatar
151 months ago
Before people start circlejerking saying how it's the end of Apple as we know it, etc...

Carl Iahn is a huge investor, yes, but his net worth is NOT capable of taking over Apple. He might as well be a homeless beggar compared to Apple's value.

You're correct. However he still has the ability to spread influence with other high investors, and could be a problem for Apple if they start meeting his demands. This needs nipping in the bud now before he starts expecting Apple to bend its business around his interests.
Score: 7 Votes (Like | Disagree)
c0LdFire Avatar
151 months ago
Before people start circlejerking saying how it's the end of Apple as we know it, etc...

Carl Icahn is a huge investor, yes, but his net worth is NOT capable of taking over Apple. He might as well be a homeless beggar compared to Apple's value.

What he's doing (attempting to manipulate the value of his own investment) is still wrong and should be highly illegal, but it's not really going to actually effect Apple as a company.
Score: 7 Votes (Like | Disagree)