‘Tiger cub’ Laffont bullish on content, Apple no

By IVCPOST Staff Reporter

Jul 24, 2013 08:10 AM EDT

Philippe Laffont, a hedge fund manager at Coatue Management, did not seem too optimistic when asked about his opinion of Apple. Laffont was known for being a longtime Apple bull, but no more.

From the looks of it, the 'tiger cub,' as Laffont has been dubbed, was not too keen on pouncing at Apple stocks at the moment. "The theme we don't like so much is the people that make the phones and tablets," he stated.

Apple stock reflected "great uncertainty." Laffont wondered if the best days of the tech giant were over. Laffont believed that the tablets and smartphones markets were saturated. This concerned him.

The fact that Apple was keen on developing new technology in-house also worried him. "Apple just seems like everything has to be invented there. That gets me really worried."

So, what did the tiger cub love right now? "We love content. Everyone has a screen and they want more content," said Laffont. "Content, mobile broadband, yes. Hardware and anything related to PCs, no," he reiterated.

Laffont was called 'tiger cub' because his teacher was the legendary Julian Robertson of Tiger Management. 

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