By John Glenday

Carl Icahn, the billionaire investor renowned for his ability to play the stock market, has chosen this moment to bail out of Apple stock by flogging all 53m of his shares for £1.37bn.

Confirming his decision during an interview with CNBC Icahn said simply: “We no longer have a position with Apple,” adding that he had decided to act amidst concern that Apple has now peaked with sales of its flagship iPhone beginning to go into global decline.

Prior to offloading his stake Icahn phoned Apple chief executive Tim Cook to inform him of his decision, recalling how that went he added: Read full story ›

Source: The Drum