Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s What Carl Icahn Wrote In His Letter To Apple Inc. (AAPL)’s CEO

Activist Investor Carl Icahn is always very critical about the fact that Apple Inc. (NASDAQ:AAPL) is way undervalued and he keeps pushing Apple Inc. (NASDAQ:AAPL)’s management to do more buybacks to realize the true value of the company. CNBC’s Carl Quintanilla reported that the activist investor had sent another open letter to Apple Inc. (NASDAQ:AAPL)’s CEO, Tim Cook stating that the tech giants shares are worth $240 per share at the moment.

Carl Icahn - Icahn Capital Lp

“Dear Tim, We again applaud you and the rest of the management for Apple’s impressive operational performance and growth. Truly impressive. [..] After reflecting upon Apple’s tremendous success we now believe that Apple shares are worth $240 today. Apple is poised to enter and in our view dominate two new categories, Television next year and the automobile by 2020,” Icahn was quoted as writing in his open letter by Quintanilla.

As pointed out in his letter, Icahn believe that Apple is all set to enter and dominate the television and the automobile category. Quintanilla said that we need to keep an eye on Apple’s stock prices to know how investors will respond to this open letter from Icahn.

CNBC’s Jon Fortt questioned that if this letter is from Icahn is to Tim Cook or to all the investors. He thinks that Icahn could just do a Instagram chat with Cook to deliver his message instead of sending out an open letter.

Daily Mail North America CEO, Jon Steinberg feels that this is Icahn’s way to communicate to Apple’s Cook and the management to do more stock buybacks. He thinks that Icahn’s statement about Apple dominating Television and the automobile category is a long shot and he feels that it might happen in half a decade or in a decade.

“Its just speculative. I mean the TV think, there has been hints here and there. Cook has made all kind of comments, but for Icahn to say they are going to dominate the TV category and dominate the automobile. These are categories that could be a half a decade, a decade off until they are really material even remotely,” Steinberg said.

Apple is not anymore a phone and a tablet maker. Apple has ventured in a broad category of products such as Apple Watch, Apple Pay, Home kit Devices, Television, Automobiles, etc. With these wide range of product categories Apple might be able to become the first $1 trillion company in the world.

Disclosure: None

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.



Suggested Articles:

Most Profitable Companies

Most Profitable Businesses

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.