If you have invested in Apple’s stock, then you have made one of the wisest financial decisions in your life as it’s known how much the company has grown in the past years. With its growth, the pockets of investors have become filled with money.

But now Apple finds itself ahead of a new challenge – can it bring new, appealing products on the market (like the upcoming iPhone 5S and iPhone 5C) and withstand the ever-growing attack from the Android world? Among those that think Apple can still deliver great results is reputed investor Carl Icahn, who has recently tried to acquire Dell.

apple stock price icahn

Apple’s market value increases by $17.1 billion

Yesterday, Carl Icahn revealed on Twitter that he has recently made a heavy investment in Apple:

We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.

According to the Wall Street Journal, Carl Icahn has amassed over $1.5 billion worth of Apple shares which is less than 1 percent of Apple’s market cap when the moment mister Icahn sent his tweet. Because his short message on Twitter has had an unexpected (or well-planned?) impact – Apple’s market value increased by more than 17 billion dollars, which represents a five percent stock jump. Apple’s stock price is currently at a seven-month high of $490.

carl icahn apple investment

But activist investor Carl Icahn thinks Apple’s stock should trade at $700 a share. For that, he wants to convince the company to buy back $150 billion worth of stock, thus increase earnings by 10 percent. He has tweeted another message about that, saying:

Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.

Icahn’s stock pick has broken Apple’s 200-day moving average for the first time in 2013. But this record is definitely going to be taken down once more as we will witness new iPhones and iPads. And, if you recall, Apple has hit the $700 per share price that Icahn is looking for – this has happened right after Apple has announced the iPhone 5. Can they do it once more?

And I guess now that he is a heavy investor in Apple stock, we should call him mister iCahn? By the way, to give you an idea of how much 17 billion United States dollars mean, you should know that Google bought Motorola for $12.5 billion. Here are some other tech companies that have a market capitalization lesser or close to $17 billion:

  • AOL Inc – $2.8B
  • Broadcom – $15.4B
  • Juniper Networks – $10.1B
  • Kyocera – $18.3B
  • Nokia – $15.6B
  • Motorola – $15.38B
  • Red Hat – $10.15B
  • SanDisk – $14.03B
  • Seagate – $15.7B
  • Symantec – $18.8B
  • Western Digital – $16.17B
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was the Managing Editor of Technology Personalized. He now writes about Windows 10 apps and reviews them on WindowsReport. Believes that technology is the main engine of civilization. Send him a tweet or make him your Facebook friend