Apple shrinks: Now also the notorious investor Carl Icahn gets out – Tagesspiegel

Carl Icahn is notorious for his way of buying from companies and impose its will in the management. For Apple the billionaire climbed out now. The reason is mainly the concern about the business of iPhone Group in China was, Icahn said Thursday in television channel CNBC.

The authorities could “intervene and make it very difficult for Apple, there to sell, “he explained. Recently it became known that the film and e-book offer from Apple in China has been blocked. The government made a total clear that she wanted stronger action against Western influence.

The Chinese market has become increasingly important for Apple, the company makes there now about a quarter of its business. Apple CEO Tim Cook announced recently that he would also regardless of the current economic turmoil in China not to reduce investments there. The situation there is more stable than had been feared, he said.

Icahn had bought together Apple-papers worth several billion dollars and made on the consolidated print, Shareholder more involved through share buybacks and dividends to the billions in profits , Apple increased over several years, distributions this week by $ 50 billion to a total of 250 billion dollars. Icahn said he had earned on the Apple shares about two billion dollars.

Icahn had announced the joining Apple in August 2013. Late last year he held shares worth about five billion dollars.

The 80-year-old Icahn is notorious for the procedure to buy their way in companies and then to demand dividends or busting. He considers Apple continues on a “great company”, which would well-run by Cook, and he could imagine a future re-entry, Icahn said now CNBC. He had previously always said, Apple is undervalued in the stock market. The share lost in the last twelve months because of concern among investors about the future growth over a quarter of its value. Apple is worth in the stock market currently well $ 490 billion – while the Group alone has cash reserves of $ 233 billion

Apple celebrated the beginning of April to the 40th anniversary since its establishment in 1976 by Steve Jobs and Steve Wozniak.. Jobs, who had in the meantime been disempowered by investors, the company helped after his return to the beginning of the millennium to an unparalleled ascent. Jobs succumbed to cancer in October 2011th

This week was the company released quarterly results – and a turnaround in sales of large revenues and profits have to report iPhone. He was largely responsible for that Apple was able to report no growth for the first time in 13 years. Many sees a turnaround in the meantime – as measured by market value – the largest group in the world. To keep investors happy, Apple CEO Tim Cook announced at the same time, increased the distributions to investors by an additional 50 billion dollars. Thus they add up to 250 billion dollars. However, a stock broke, fell back to the level of mid-February. On Thursday, they lost in New York again 2.5 percent.

Apple’s iPhone and iPad are considered the products, which have paved the Mark for other smartphones and tablet computers. At the same time they have opened up new distribution channels for media. Here you can find the offer of the Tagesspiegel for these devices. with dpa