Carl Icahn says Apple remains vastly undervalued

Apple

carl-icahn

By foxnews.com

Billionaire investor and Apple shareholder Carl Icahn says that the real value of the technology giant is almost $1.5 trillion, double its current market capitalization.

Icahn, one of the biggest investors in the California firm, emphasized in an open letter directed to Apple CEO Tim Cook that the television and automotive sectors offer the company a combined market of $2.2 trillion.

For this and other reasons, the investor feels that Apple continues to be undervalued on the stock market and he says that the firm’s shares have a real value of $240, almost double their current price.

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