Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 02 April 2013 10:33

Danoff backing out of Apple

Written by Nick Farrell



Signs of doom

Apple’s largest investor has slashed his stake in the company.

Portfolio manager Will Danoff, whose $92 billion Fidelity Contrafund is the largest active shareholder in Apple, cut the fund's stake in Jobs’ Mob by 10 per cent. This is the latest in some cuts that Danoff has been making since late last year. Apple’s shareprice has been falling as the reality distortion field that surrounds the company has started to crumble.

The company has been unable to create much in the way of new products and is being outclassed by South Korean outfit Samsung. Apple shares were down 1.8 percent at $435.35 in Monday morning trading on Nasdaq. The stock has fallen 38 percent since hitting an all-time high of $705.07 in late September.

At the time the Tame Apple Press and some Apple fanboy analysts were trying to convince the world that it would be worth $1,000 a pop.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments