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Dheeraj Grover
Dheeraj Grover
Articles (493) 

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

September 13, 2012 | About:

New Guru David Rolfe of Wedgewood Partners was on Bloomberg to discuss Apple (NASDAQ:AAPL)'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

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 2.5/5 (4 votes)

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