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Carl Icahn Talks Apple: 'I Would Get Back In If I Felt More Secure About China'

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Carl Icahn Talks Apple: 'I Would Get Back In If I Felt More Secure About China'

Billionaire investor and one-time Apple Inc. (NASDAQ: AAPL) shareholder Carl Icahn sold his entire stake in the company back in April.

In 2013, Icahn held 4.7 million shares of Apple and urged the company's CEO Tim Cook to boost its capital return policy from what at the time amounted to $60 billion in share repurchases over a three-year period.

Related Link: Carl Icahn Sends Out Another 'Dear Tim' Letter

Since then, Apple has pledged to buyback $250 billion worth of its own stock but Icahn has found another reason to be bearish on the stock: China. He argued at the time that China's government could implement new laws or regulations that would make it "very difficult" for Apple to sell its products in the country.

'I Would Get Back In If I Felt More Secure About China'

Speaking as a guest on CNBC Thursday, Icahn reaffirmed Apple is still "doing a good job" and he has profited "several billion dollars" from his investment.

Icahn acknowledged he would re-enter the stock in the future but only if he felt "more secure" about China. Specifically, he said the general consensus is that China is going to have a "problem" in the future and even if it's a "very small one" it will impact Apple's business in the country.

Posted-In: Apple Apple China Apple stock Carl Icahn Carl Icahn Apple CNBCTech Media Best of Benzinga

 

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