“Apple could be ‘obsolete’ in three years, due to increasing competition and ‘make-believe’ valuations in the technology sector, one analyst told CNBC on Thursda,” Arjun Kharpal reports for CNBC.
“Pedro de Noronha, managing partner at hedge fund Noster Capital, said he was unsure about the Silicon Valley-based company’s long-term potential,” Kharpal reports. “‘I need to know where a company is going to be in 5-to-10 years. I mean look at Apple, a company we all admire… I don’t know where they are going to be in three years,’ Noronha told CNBC in a TV interview. ‘It’s a very competitive landscape. They might become obsolete in two-to-three years, as we’ve seen with dozens of technology companies.'”
Read more in the full article here.
MacDailyNews Take: Pedro de who?
iCal’ed.
Nothing like a good joke to start the day!
Worry dispensed from a hedge fund?
I’m supposed to take that seriously from one who bets on both sides of a deal?
Typical amateur that needs to get his name out and says something stupid on purpose. The same tactic Rocco Pendola used, except Rocco decided that insulting Tim Cook was a good idea. Anyone know where Rocco is now ?
on the beach in Santa Monica, CA with an umbrella drink………..
Really glad MDN has iCal’ed this. Although, if this writer was later proven to be a wise sage, it is unlikely that MDN would be around either to remind us. But, no worries for Tim – with his enormous wealth, it would not even occur to him that he presided over the demise of the once great company. All this is very sad.
In general most Tim haters are having to deal with suppressed feelings of jealousy and rampant bisexualality.
What ‘demise’ is that, exactly?
Enquiring minds want to know.
Putin? is that you? Now it makes sense.
Always trying to find a way to diss Tim Cook and Apple, aren’t you JM? This post was far more subtle than your normal over the top material, but no less ridiculous.
If you seriously believe that Tim Cook would not be affected by the demise of Apple, that it “…would not even occur to him” that he presided over the decline of a great company, then you do not understand Tim Cook or human nature, in general.
Anonymous posts on MDN are free, and worth every penny.
The writer won’t.
Apple “could” turn into a pet shop, laundromat, super market, fruit stand, discount warehouse, secret assassin agency, etc. too but those won’t happen either.
Pedro go back to your fantasy filled siesta.
Wait, wait . . . he’s saying Apple could be gone in 3 years simply because he doesn’t know what Apple is doing?
Remind me NOT to invest in his hedge fund. After all, I don’t know what it will be investing in 3 years from now.
says any financial fund manager who missed the boat on Apple years ago, trying desperately to get back in.
Uh, oh… Pedro, we would like to have an direction where you will be in the next ten years.
What? You mean next 10 months, right?
Pedro doesn’t likely know where he will be in 10 minutes, unless his mommy yells downstairs that it’s time for dinner.
Well Pedro is a 33 year old and previously a professional surfer (I’m not joking, look it up) so you’re probably spot on with you assessment!
with his comments above……..likely unemployed
What ever happened to analysts opening their grey cell pores before their mouths ?
I don’t want to live in a “computing world” without Apple.
pedro must have been interviewed just as he woke up
Pedro De Moron Ha!
Pedro needs to know where he inserted his head.
Pedro’s obsolete and should find another profession or seek medical attention at the mental ward.
I expect that Pedro will be obsolete in less than a year if he isn’t already.
I clicked through to the original to write what an idiot I think he is. But there were so many already, I didn’t bother.
This should be iCal’d
Analyst: Apple could be ‘obsolete’ in three years … or something.
Pedro doesn’t know where anyone including himself will be in 3-5 years. Apple is about to change life as we know it…. Again. That’s what they do. So Pedro, go invest in Coca-Cola or in Ford. They won’t be doing anything new in 3-5 years. Apple will.
iCal this bitch!
Another imbecile thinking of Apple as vulnerable to “competition” when the correct word is “imitation”.
the truth is, if anyone knew where apple would be in five years, they would simply imitate, Apple is always out front on things, that is their silver bullet, the leader of packs that have met demise due to poorly imitated or too late to the game copies
Their MO will never be obsolete, and will keep them at the pinnacle
Also, we love the suspense !-)
Stupidity is the great unifier.
Of idiots.
Damn… that was cold. Then again, you’re completely correct.
Hey, Pedro! What company made those other companies obsolete??
Pedro is looking at Apple as a tech company (as opposed to the most valued company in the world) and comparing it to Digital Equipment, Motorola, Nokia, BlackBerry (formerly RIM) and similar, who once were the top dog in their industries (and are gone or practically gone today). On a very superficial level, the statement may be plausible: if Apple were like all those other tech companies, what there will guarantee that they won’t follow the path of all those former dominant players and fail in three years.
Obviously, if you actually take a moment to analyse (the verb from which the noun ‘analyst’ is derived, by the way), he would have easily spotted the fundamental (and significant) differences between DEC, Moto, Nokia, RIM, Wang, on one side, and Apple on the other.
To all those people who don’t want to bother to do such analysis, the difference is in the business philosophy: for any reasonably successful company out there (including the ones mentioned here), bottom line is the main indicator and driver, and profit is the primary goal. For Apple, customer satisfaction is the driver, and great product is the primary goal. Profit and healthy bottom line are just consequences of that. These explain why is Apple the only one in tech industry (and beyond) who can command such insanely huge profit margins on their hardware products.
So, Pedro, you may want to try and practice a little bit of what your purported title implies (and I watched the entire linked video).
More likely Pedro will be obsolete in 3 years.
It won’t take that long.
MacDailyNews should avoid paying attention to these bozos because they are just losers who seek attention by criticizing successful companies like Apple. Let them in the limbo, MacDailyNews! The last WWDC is more than enough to know where Apple is going.
I can almost here the call of the monkey boy chanting “Manipulators, Manipulators, Manipulators.”
Pedro de Noronha, managing partner at hedge fund Noster Capital, said : “I need to know where a company is going to be in 5-to-10 years. I mean look at Apple, a company we all admire…I don’t know where they are going to be in three years,”
So instead of saying “Apple could be thriving in three years” it’s “Apple could be obsolete”. Oh please no facts required for this brilliance of logic.
Please donate to the brain transplant society so that people like Pedro may one day have a brain that registers double digits on an IQ scale.
Apple is a good example of a tech company that doesn’t have “make-believe valuations.” They have real content to backup their value. They release actual unit sales numbers. They don’t hide behind how many shipped or simply not releasing the data. You have a lot of concrete data to work with when it comes to Apple.
Isn’t this the perfect illustration for brain fart?
No. That would require a brain.
A fart on the other hand… oh no weight, that doesn’t require a hand either.
Pedro “said he was unsure”. That about sums it up.