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
-- 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