Carl Icahn and Apple

Mr Icahn: Key points:Carl Icahn has previously argued that shares of the iPhone maker were worth $240 each"We no longer have a position in Apple," Mr Icahn says The Chinese Government could make it very difficult for Apple to sell there Mr Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the US stock market and there would be a "day of reckoning" unless there was some sort of fiscal stimulus, according to Australian Broadcasting Corporation. Mr Icahn had been a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a "no brainer". In an open letter to Apple chief executive officer Tim Cook in May 2015, Mr Icahn had argued that shares of the iPhone maker were worth $US240 , about 90 per cent more than they had been trading. Related Story: iPhone sales fall for first time ever Related Story: Apple launches latest iteration of smaller iPhones and iPads Map: United States Billionaire activist investor Carl Icahn says he had sold his entire stake in Apple, citing the risk of China influence on the stock. At $US240 a share, Apple market cap would be $US1.4 trillion, Mr Icahn asserted. I called him this morning to tell him that and he was a little sorry, obviously. But Mr Icahn, who owned 45.8 million Apple shares at the end of last year, said China economic slowdown and worries about how China could become more prohibitive in doing business triggered his decision to exit his position entirely. "We no longer have a position in Apple," Mr Icahn said. "Tim Cook did a great job. (news.financializer.com). As reported in the news.