American entrepreneur, investor, owner of the holding Icahn Enterprises and billionaire Carl Icahn , whose fortune is estimated at $ 24.5 billion, again called by Apple to hold stock buybacks. He said this in his open letter to the Director General Tim Cook.
According to Reuters,Carl Icahn insisted on speeding up and increasing the volume of shares purchase . It calls on the board of directors of the company to buy back further shares, sending for this purpose available free cash flow of $ 100 billion.
"We believe that Apple is strongly underestimated in today's market and the more shares of the company to buy back now, the more it will benefit shareholders," - said in an open letter.
Icahn is convinced that Apple's stock price must not be lower than $ 203. For comparison, at the time of publication of this news, it is at the level of $ 100.73 per share. Billionaire expressed the hope that it will support other investors and, as he will also insist on a buy-back of securities.
"We are always glad to hear the views of our shareholders. Since 2013, we conduct an aggressive program to repurchase shares, which are reviewed annually, taking into account the wishes of investors", - commented on Apple's statement Aikan.
Icahn, according to Bloomberg, also shared his opinion about new Apple products . He argues that the new smart phones iPhone 6 and iPhone 6 Plus is similar to luxury cars Mercedes-Benz, but at the same time they are sufficiently available to the mass consumer. They will be able to take away market share from Android-smartphone, especially in the segment of premium devices. New smartphones next year will help increase Apple's revenues by 25%. Significant impact on the growth rate will be Apple smart watches Apple Watch, presented last month.
Icahn also convinced that Apple in 2016 fiscal year can enter the market with its high-definition TV screen. Related Products :
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