Carl Icahn

Apple has posted its 2nd worst day of the year after unveiling a new iPhone. Carl Icahn, Icahn Enterprises, is one of the most well-known shareholders in the tech giant. He explains why Apple is one of his best investments right now.

“It’s just extremely cheap,” Icahn said on “Closing Bell,” noting that by his calculation, Apple is inexpensive by the numbers.

“I really think Apple is one of my best right now and today, I will tell you the markets closed, we’re buying quite a bit of stock,” Icahn said.