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Carl Icahn
Apple CEO Tim Cook cites record sales and 'unbelievable' year
Apple CEO Tim Cook cites record sales and 'unbelievable' year

Apple Inc. Chief Executive Tim Cook took a figurative victory lap at his company's annual shareholder meeting at its headquarters in Cupertino, Calif., one day after he announced details about the smartwatch that Apple plans to start selling next month. A year ago, some investors were voicing frustration over Apple's lagging stock and activist Carl Icahn was pressing Cook to return more cash to shareholders. But no complaints were heard Tuesday. Apple shares are up 65% from a year ago, the company has a market value of more than $700 billion — making it the most valuable U.S. company in history — and it will soon bump AT&T Inc. to join the benchmark Dow Jones...

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