Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

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