Apple stock short-term increase after Carl Icahn tweet

Apple stock reached $500 after few months after the tweet by Carl Icahn. He met Tim cook CEO of Apple and made the tweet.

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

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.

11:55 PM - 13 Aug 2013

This is going to be a short-term spike and Tim Cook has to think of future of Apple. This increase may continue for some more time as Apple is going to release the iPhone 6 in September. As there is no new innovation from them, the future of Apple is going to be stagnant. Apple's smartwatch is one of the major initiatives and nothing big to say.

Already Microsoft missed the growth by not investing on innovation and they sre struggling to grow where as the investment made by Google on Android is going to give a high growth to Google compared to Apple. In the recent past Google also started reducing its R&D spending that is a big concern.

Saravanan.