Five Reasons Why Icahn Says Apple Is Worth $1.2 Trillion
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The world’s biggest company isn’t big enough for Carl Icahn.
That’s essentially the activist investor’s message to Apple Inc., which had a market capitalization of $603.6 billion at the close of trading on Oct. 8. In a letter yesterday to Apple Chief Executive Officer Tim Cook, Icahn made the case for why the Cupertino, California-based company should be trading at $203 a share, about twice the current price, which would boost its valuation to $1.2 trillion.