“‘Apple … is really going to gain market share,’ he said. ‘The iPad Air is going to be huge and the [iPhone] 5S is going to be huge. And I think, frankly, it’s going to take a lot of dollars out of other retailers’ pockets,’” Navarro reports. “On CNBC’s ‘Halftime Report,’ the portfolio manager and former retail analyst said that Apple and such companies as Samsung, Amazon and Wal-Mart account for the lion’s share of their respective markets.”
Navarro reports, “But the reality is that if you’re a customer, you can just use your mobile device and you can order all the Black Friday specials you want,’ he said. ‘I think traffic is going to be down, and I think business is going to be strong on the Internet.’”
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