Noster Capital Analyst Says Apple May Be ‘Obsolete’ In Three Years

Jul 25 2014 | 2:54pm ET

Apple Inc. is one of the most widely respected and wildly successful companies in the world. Even at its sky-high valuation, some hedge fund managers, notably Carl Icahn, believe it is cheap. Noster Capital’s Pedro de Noronha isn’t so sure.

Noronha, in between criticizing streaming video valuations as “make-believe,” suggested that Apple’s day may soon be done.

“I need to know where a company is going to be in five-to-10 years,” he told CNBC. “I mean look at Apple, a company we all admire.”

“I don’t know where they are going to be in three years.”

“It’s a very competitive landscape,” Noronha said. “They might become obsolete in two-to-three years, as we’ve seen with dozens of technology companies.”


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...