Carl Icahn says Apple remains vastly undervalued

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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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Arnaldo Rodgers
Arnaldo Rodgers is an educated Psychologist and works as a Elementary grade teacher and counselor. He is also editor of Veterans News Now and reports on all issues related to U.S. Veterans. He is dedicated to excellence and making sure all Veterans get the news they need to make sure their lives are of the highest standards possible.

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