Friday, April 29, 2016

Billionaire sell their Apple shares – 99mac

The investor and billionaire Carl Icahn has sold its entire holdings of Apple shares, on because of the uncertain situation in China.

Billionaire Carl Icahn took at the end of last year, 45.8 million shares shares in Apple, and has repeatedly described the company as a given investment. In an interview with CNBC Icahn now announces that he sold all his holdings in Apple, reports Reuters.

The reason is said to be concern about the situation in China, which is one of Apple’s most important markets. The country’s slow growth along with political control in China has received Icahn to think about. He says:

– Tim Cook has done a very good job. I called him this morning and told him, and he was obviously a bit sad. I told him that [Apple] is a fantastic company.

Earlier this month turned China into Apple’s digital stores iBooks Store, and iTunes Movies.

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