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Holly LaFon
Holly LaFon
Articles (6203) 

Baron Funds Comments on Apple Inc.

December 07, 2012 | About:

Lastly, before the end of the quarter, we finally sold Apple, Inc. (NASDAQ:AAPL), one of the Fund's most successful investments since inception. This was a tough judgment call that has worked out well, at least on a short-term basis. Our reasons included concerns about the ultimate market cap the market would allow the company to achieve, rising competition from Android devices, the release of the iPhone 5 with a sub-par mapping application and concerns about the ability of the company to hold together its management team in the post-Steve Jobs era (a concern that was validated when the company announced management changes).

From Baron Funds third quarter letter.


Rating: 1.9/5 (9 votes)

Comments

tonyg34
Tonyg34 - 3 years ago    Report SPAM
Baron's Funds comments on lots of things. How terribly interesting

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