New Guru David Rolfe of Wedgewood Partners Comments on Apple and iPhone 5 Launch

Sep 13, 2012

New Guru David Rolfe of Wedgewood Partners was on Bloomberg to discuss Apple (AAPL, Financial)'s new iPhone 5 and his outlook for the company's growth going forward.

-- Apple is one of his fund's top holdings.

-- Apple's iPhone 5 is a "solid evolution" on all fronts (software, hardware, services, apps) versus the previous version.

-- Apple's iPhone 5 is going to be a home run.

-- iPhone garners around 70 to 75% of the whole smartphone industry's profit and that will remain going forward. It is not going to get hurt due to competition from Samsung's phones.

-- David believes Apple will sell 50 million or more iPhone 5 units before end of 2012.

Credit and source: www.bloomberg.com, Bloomberg

Here is the video:

http://bloom.bg/O023S2

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