Apple news: Icahn stake, new iPhone next month

BIG BITE: Yesterday was a fun day for Apple buffs. First, we learned that Carl Icahn is a fan of the stock, and it wasn’t just rumor—nope, he tweeted as much. In the first, the billionaire revealed, “We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.” Shortly thereafter, Icahn dropped a name, typing, “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.” The tweets got a rare response out of Cupertino, as Apple rep Steve Dowling said, “We appreciate the interest and investment of all our shareholders. Tim had a very positive conversation with Mr. Icahn today.” Icahn’s Apple love sent shares up more than 4% in late trading, to $487.90. Icahn has invested north of $1 billion in the stock, according to various reports. In other, more relatable Apple action, CNN reported that the nest iteration of the iPhone will arrive on Sept. 10. The new model is likely to be called either iPhone 5S or iPhone 6. Either way, it’ll be running iOS 7, which will boast revamped icons, typography and color palette. Now, don’t you wish you’d waited? (8/14a)