Billionaire investor Carl Icahn has stepped up his calls for Apple to launch a share buyback.
The entrepreneur wants the firm to embark on a $150 billion (£92.5 billion) share buyback. Mr Icahn has a big stake in Apple.
Apple previously said it will return $100 billion to shareholders by the end of 2015, but Mr Icahn is pushing for the company to go further.
Earlier in the year, he tweeted about a meeting with Apple chief executive Tim Cook in which he claimed they had discussed a share buyback plan.
Last night, Mr Icahn again took to Twitter to say: "Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks."
Apple's shares rose 2.4 per cent on Tuesday (October 1st) on the back of his comments.
The company has had a hugely successful last few weeks after the launch of its latest smartphones, the iPhone 5S and the iPhone 5C.
In the first three days since the devices went on sale around the world, Apple revealed that almost ten million phones had been sold.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.