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Apple (AAPL) Stock Down After Icahn Sold Position

NEW YORK (TheStreet) -- Apple (AAPL - Get Report) stock is declining by 1.62% to $96.24 in mid-afternoon trading on Thursday, as billionaire Carl Icahn told CNBC that he has sold his position in the company.

Icahn previously owned nearly 1% of Apple's outstanding shares.

Additionally, the iPhone maker reported on Tuesday that second-quarter revenue declined for the first time since 2003 as iPhone sales dropped for the first time ever.

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