Billionaire investor Carl Icahn not has a place in Apple, he advised CNBC’s "Energy Lunch" on Thursday.

The tech big continued to shed worth Thursday within the wake of disappointing earnings. Icahn beforehand owned rather less than a % of the tech big’s excellent shares.

Apple’s inventory traded about zero.7 % decrease Thursday, after falling greater than 6 % Wednesday. The corporate on Tuesday posted quarterly earnings of $1.ninety per share on $50.fifty six billion in income, each of which missed Wall Road’s expectations.

Apple’s gross sales declined thirteen % from the prior-yr interval, its first yr-over-yr income drop since 2003. Gross sales of its key iPhone slid to fifty one.2 million from sixty one.2 million within the earlier yr.