The stock is down 2% in Thursday's trading day.
Icahn told Wapner that he still liked Apple as a company (he really does). It's just that its issues with China have him spooked.
"I don't think it's a price point [that would get him to go back into Apple stock]. I think it's my opinion about what is happening in China," he said.
"I think the stock is very cheap still on a multiple basis... I'm not the great expert on China and that bothers me.. I'm worried about it."
More on this to come.