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Samsung has a hefty $56 billion in cash, but dividends may not be a priority. For 2015, its investor relations chief says, "our primary objective is growth."
The activist investor, who believes Apple shares should be valued at $216, called for Apple to boost its buybacks, using its huge stockpile of cash.
The electronics giant is projecting stronger-than-expected sales this holiday even after delivering better-than-anticipated revenue in the September quarter. The only negative was another drop in iPad sales.
In an open letter to Apple CEO Tim Cook, activist investor Carl Icahn says the stock is worth double its current trading price.
The billionaire activist investor has a history with Apple, including getting CEO Tim Cook to take steps such as boosting the company's share repurchases.
Shares in the world's most valuable company rose during Tuesday's event, climbing 4.8 percent to a high of $103.08, before calming as the presentation drew to a close.
The stock closed above $100, which marks a record for the electronics giant when accounting for June's 7-for-1 stock split.
CEO Rupert Murdoch says Time Warner has "refused to engage" in a "highly compelling" offer.
The Cupertino, Calif., company traded at nearly $650 on Friday, but now there's a 7-for-1 split in effect.
Apple's CEO takes a veiled dig at Samsung as he tells investors to be patient for new products.