Carl Icahn Bails on Apple

Billionaire investor and previously prominent Apple shareholder Carl Icahn said on Thursday that he no longer holds stock in the iPhone maker, blaming China's antagonistic position toward the company for his exit from the stock.

"We no longer have a position in Apple," Icahn told CNBC, cautioning that he still sees the tech giant as a "great company" and that CEO Tim Cook is "doing a great job.