Apple reported another monster quarter on Monday, with earnings, revenue, and iPhone sales all topping expectations.
The company also announced that it will return $200 billion to shareholders over the next 2 years.
But activist hedge fund manager Carl Icahn still doesn't think investors get it.
In a tweet on Tuesday morning, the 79-year-old said:
$AAPL is still undervalued and misunderstood. Expect to put out another in-depth report within two weeks.
- Carl Icahn (@Carl_C_Icahn) April 28, 2015Apple's market cap is around $760 billion, about double that of the US stock market's next-largest company, Microsoft.
According to his latest filings with the SEC, Icahn owns around 52 million shares of Apple, a stake that at today's market price of $132 is worth around $6.8 billion.