Hedge fund billionaire Carl Icahn said he bought another half a billion dollars' worth of Apple Inc stock on Tuesday, signaling confidence in the iPhone maker even after it gave a disappointing revenue forecast for the current quarter. The investment, Icahn's third in Apple in less than a week, boosts the value of stake in the company to more than $4 billion. It was announced via his Twitter account as Apple's shares traded down about 8 percent following its quarterly report late on Monday, which renewed Wall Street's concerns about the maturing smartphone market. Icahn told Reuters in a telephone interview that the decline in Apple shares presented "a great opportunity" to add to his position.
via Tech News Headlines - Yahoo News http://ift.tt/1b191iM
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