Carl Icahn Says Apple Is Dramatically Undervalued

Posted: Oct 9 2014, 9:48am CDT | by , in Apple


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Carl Icahn Says Apple is Dramatically Undervalued

Major Apple Shareholder publishes open letter saying that Apple share price is dramatically undervalued. He says the stock price should be $200 right now.

Carl Icahn published an open letter to Apple CEO Tim Cook. He says that Apple shares are dramatically undervalued. The price should be double, he says. This means AAPL should trade at $200 right now. Because of this Icahn urges Apple CEO Tim Cook to buy back more shares quicker.

The open letter is not criticizing Tim Cook. He is actually applauding him for his performance. The letter also explores areas Apple should explore like 4K Ultra HD TVs.

Carl Icahn holds about 53 million shares of Apple.

You can read the full Carl Icahn letter on his Tumblr.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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