Icahn: We're out of Apple, and it's China's fault

Billionaire investor Carl Icahn told CNBC on Thursday he has sold his Apple position as the tech giant’s stock continues to shed value in the wake of disappointing earnings.

“We no longer have a position in Apple,” Icahn told CNBC’s “Power Lunch” on Thursday, noting Apple is a “great company” and CEO Tim Cook is “doing a great job.”

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This article originally appeared on Recode.net.

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