A few weeks ago and a few hours after the presentation of the financial results of the Cupertino-based company for the second fiscal quarter of the year, one of the company's most important investors Carl Icahn sold all the shares he had in the company assuring that Apple was facing big problems in the Asian continent, problems that were far from being solved, and that have forced the CEO of Apple to travel to China at the end of this month to meet with the top leaders of the Chinese government.
Concerns about the company and its long-term future are causing other big investors are rethinking their positions in the company. The last to do so is David Tepper, owner of several investment funds, who claims to have sold all the shares he had in the company. According to the publication Business Insider UK, David Tepper has disposed of all his positions in the company. Tepper owned 1,26 million shares of Apple with an approximate value of $ 133 million.
However, the recent fall in the value of Apple shares, together with the recent fall in sales of the company has led Tepper to sell all its positions. The last time the company's revenue fell was in 2003. Besides the problems Apple is facing after the closure of iTunes Movies and the iBooks Store For no apparent reason other than that of the country's censorship, they represent a significant decrease in the future income that the company had expected in the country. Tepper appears to be turning his attention to Facebook and Bank of America, of which he has bought several million shares in recent weeks after selling the company's shares.