NEW YORK (TheStreet) -- Shares of Apple Inc (AAPL) are fluctuating in and out of the green, higher by 0.15% to $130.39 in mid-morning trading Tuesday, after the tech giant introduced its updated MacBook Pro and iMac ahead of its worldwide developers conference on June 8, the Associated Press reports.
Apple updated its 15-inch MacBook Pro laptop with a new trackpad, faster flash storage, and a longer battery life. The device starts with a 2.2-gigahertz Intel Core i7 chip for $1,999.
The company's updated iMac desktop computer also costs $1,999 and has a higher-resolution, a 27-inch screen, and a faster processor, the AP added.
The company also reduced the price for its top-end iMac to $2,299 from $2,499, the AP noted.
Additionally, Apple has shelved plans to create a television set because it could not create a differentiating feature from the already existing TVs, according to The Wall Street Journal.
Yesterday, billionaire investor Carl Icahn said Apple remains dramatically undervalued, and is worth almost double the current price, according to CNBC.
In a letter to Apple CEO Tim Cook, Icahn wrote that he values Apple shares at $240. Icahn also called for accelerated buybacks, CNBC added.
The investor said his team believes that Apple is poised to enter and "dominate" two new product categories, television and automobile, CNBC reported.
Apple designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, as well as a variety of related software, services, peripherals, networking solutions, and applications.