Appaloosa is one of the biggest companies holding Apple shares. As per a recent report, it has come out in the open that Appaloosa had let go of over 1.26 million common stock Apple shares during the end period of the year 2015. As per the reports, the net worth of the dumped Apple shares is approximately $ 133 million USD. Though the transaction took place quite a long time ago, it has come out in the open recently. According to the popular business blog site, Business Insider, this has been quite a blow for Apple, resulting in the surprising drop of prices we are seeing in Apple stocks.

According to the reports, investments managers other than Tepper had also dumped some of the Apple shares and assets during this low year over year revenue period of Apple. As per he earlier reports on this subject, this is the worst revenue period Apple has experienced ever. Bridgewater Associates, a company who had actually raised Apple stakes during its last cycle, has recently sold off a large number of shares, approximately amounting to 221452 in number. After this March sell off, the company retained shares worth approximately $ 11.6 million, amounting to around 106000 shares.

The reports further show that a few weeks back, one of the top shareholders for Apple, Icahn, had ststed that they are no longer in possession of any Apple shares. According to them, it might risk their Chinese market. According to them, the various investors who are dealing in Apple stocks are fretting that the government might be tough on Apple regarding a lot of issues, which will finally result in more decline of stock. According to what Apple said, their decline of revenue is mainly due to the ever decreasing sale of Apple flagship iPhones.