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| Billionaire investor dumps Apple shares | Billionaire investor dumps Apple shares |
| (35 minutes later) | |
| Billionaire investor Carl Icahn has sold his holding in Apple, over concerns about the tech firm's prospects in China. | Billionaire investor Carl Icahn has sold his holding in Apple, over concerns about the tech firm's prospects in China. |
| "We no longer have a position with Apple," he said in a TV interview. | "We no longer have a position with Apple," he said in a TV interview. |
| Reports say Mr Icahn made $2bn (£1.37bn) from selling his stake in Apple. At one point last year, he owned 53 million shares, valued at $6.5bn. | |
| Mr Icahn usually pushes for changes at companies he invests in, which earns him the title "activist investor". | Mr Icahn usually pushes for changes at companies he invests in, which earns him the title "activist investor". |
| He started buying Apple shares in the third quarter of 2013 when they were trading at around $68 per share. | |
| On Thursday shares closed at $94.83, down 3% for the day. | On Thursday shares closed at $94.83, down 3% for the day. |
| Cook 'sorry' | Cook 'sorry' |
| Mr Icahn said he spoke to Apple's chief executive Tim Cook, to tell him about the share sale. | Mr Icahn said he spoke to Apple's chief executive Tim Cook, to tell him about the share sale. |
| "I called him this morning to tell him that, and he was a little sorry, obviously. But I told him it's a great company," Mr Icahn said. | "I called him this morning to tell him that, and he was a little sorry, obviously. But I told him it's a great company," Mr Icahn said. |
| The stock sale has not been disclosed in a filing to the stock regulator. | The stock sale has not been disclosed in a filing to the stock regulator. |
| News of the sale emerged in an interview with US financial news network CNBC. | News of the sale emerged in an interview with US financial news network CNBC. |
| Mr Icahn is the majority shareholder in Icahn Enterprises - a holding company with a range of investments, with interests ranging from mining to automotive to real estate and food packaging. | Mr Icahn is the majority shareholder in Icahn Enterprises - a holding company with a range of investments, with interests ranging from mining to automotive to real estate and food packaging. |
| China worries | China worries |
| Mr Icahn said that China's economic slowdown and worries over government interference hastened his exit from Apple shares. | Mr Icahn said that China's economic slowdown and worries over government interference hastened his exit from Apple shares. |
| In March China passed a law that required all content shown in China to be stored on servers based on the Chinese mainland. | In March China passed a law that required all content shown in China to be stored on servers based on the Chinese mainland. |
| As a result Apple's iBooks and iTunes movies service were shut down in the country. Apple said it hoped access to the services would be restored soon. | As a result Apple's iBooks and iTunes movies service were shut down in the country. Apple said it hoped access to the services would be restored soon. |
| Earlier this week, Apple reported in a 13% drop in its second quarter revenue as sales of iPhones slipped. | Earlier this week, Apple reported in a 13% drop in its second quarter revenue as sales of iPhones slipped. |