Billionaire Investor Carl Icahn Sets Eye on Apple Carl Icahn took to Twitter on Tuesday to tease his latest target, Apple, which he said was 'extremely undervalued.' He also said he had taken a 'large position' in the company.

By Ray Hennessey

Opinions expressed by Entrepreneur contributors are their own.

The latest apple of Carl Icahn's eye is Apple.

The billionaire investor took to Twitter on Tuesday to tease his latest target, Apple, which he said was "extremely undervalued." He also disclosed he had taken a "large position" in the company, which soared on the news.

Icahn said he spoke with Apple CEO Tim Cook about the company launching a larger buyback of its shares. Apple, in a statement, acknowledged the two had spoken, calling the conversation "very positive."

Apple has been under fire to return more cash to its shareholders. In April, the company said it that, through a combination of buybacks and dividend payments, it would give $100 billion to shareholders by the end of 2015.

Related: Apple Expected to Reveal New iPhone September 10

Ray Hennessey

Former Editorial Director at Entrepreneur Media

Ray Hennessey is the former editorial director of Entrepreneur.

Editor's Pick

Related Topics

Side Hustle

Anyone Can Start a Passive Income Side Hustle For Easy Money — But Only If You Know These 5 Essential Tips First.

The rise of digital automation technology has made starting a passive income side hustle easier and more accessible than ever before.

Marketing

Don't Just Babble on LinkedIn — You Need to Carve Out Your Own Niche. Here's Why.

To ultimately unlock the full potential of your LinkedIn experience, you need to establish yourself as a thought leader in a specific niche. This is why (and how).

Side Hustle

He Launched His Creative Side Hustle Out of a Garage. Now It's Worth $225 Million.

Tom Humble, CXO and founder of E.C.D. Automotive Design, followed his passion for custom auto design into big business.

Living

How to Start a 'Million Dollar' Morning Routine

Restructure your morning with a few simple steps that may help to amplify your energy.

Growing a Business

How an Executive Coach Can Help You Set Better Goals — And Transform Your Business

Ways to enhance your competitive advantage — and psychological wellbeing — with the assistance of a seasoned, results-focused professional.

Business News

This Company Promised to Transform Drive-Thrus With AI — But the Secret Powering Its Tech? Humans.

Presto Automation Inc., one of several major players in AI-ordering tech, has made headlines for using off-site employees in places like the Phillippines.