Icahn Was Half Right About Apple's Risk in China

Investors should be more worried about China's waning interest in the iPhone than about the political climate.

Customers with choice.

Photographer: Nicolas Asfouri/AFP/Getty Images

One doesn't have to take Carl Icahn's decision to dump his big stake in Apple as an omen. The veteran activist investor has certainly been wrong about stocks before. His motives for the move, however, deserve careful examination.

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