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Apple is up big, Icahn owns $1.5 billion worth.


Yesterday Carl Ichan announced on twitter that he owned Apple (NASDAQ:AAPL) stocks. The stock immediately responded by increasing as another source stated that Ichan’s stake is worth 1.5 billion. Icahn believes that the stock should be worth about $625 a share without any earnings growth.

Apple is currently borrowing money at 3% interest to fund its stock buyback program. Many analysts are worried about Apple’s ability to innovate in the future. The company has not launched a new product line in about three years. Investors are anticipating the launch of and Apple Television and the iWatch.