Apple goes green on report of larger iPhones, Icahn buying

|About: Apple Inc. (AAPL)|By:, SA News Editor

Shares of Apple (AAPL +0.5%) have gone green on the day on the back of a report that the iPhone maker will launch 2 new models with larger screens in 2H 2014. But, Carl Icahn is also lending a helping hand - the activist announced he bought another $500M in Apple stock today (roughly one-tenth of today's shares traded), bringing his total to $3.6B.

As to his rebuffed calls for a buyback, "If board doesn't see AAPL's 'no brainer value we sure do," he chides on Twitter.

Update: Icahn pens a 7-page letter on "why [Apple's] buyback should be markedly increased.”