Hedge fund honcho says Apple's best days are behind it



While nearly 85% of Wall Street analysts remain bullish on Apple, one major hedge fund operator says that the tech giant's best days are behind it. Leon Cooperman, Chairman & CEO of Omega Partners, told a nationwide cable audience watching CNBC this morning that Apple will not find a new product to replace the slumping iPhone. As a result, he sees Apple becoming a smaller company in three or four years. Cooperman says that while Apple is still generating a lot of money, he is allocating capital to Facebook, and Google parent Alphabet instead.

For the first time in history, Apple reported lower year-over-year iPhone sales for its fiscal second quarter that ended in March. Once that report was issued, Apple's shares plunged under $100 as sales declined 16.3% on an annual basis. For its fiscal third quarter ended in June, Apple reported its second consecutive year-over-year decline in iPhone sales. This time, however, the stock popped back over $100 and has been in a tight range between $105-$109 since.

With the Apple iPhone 7 and Apple iPhone 7 Plus expected to be unveiled during the company's September 7th event, there are conflicting opinions about how the next iteration of the phones will perform. The two new models are expected to have a few changes this year including waterproof protection, the removal of the 3.5mm earphone jack, a capacitive touch button replacing the physical home button, a larger lens on the rear camera (iPhone 7), a dual camera setup (iPhone 7 Plus), 50% hike in RAM (iPhone 7 Plus) the new A10 chipset, and larger capacity batteries. In addition, some new colors are expected.


Despite these changes, KGI Securities analyst Ming-Chi Kuo said earlier this year that there aren't too many attractive selling points for the iPhone 7. Apple share's closed today at $106.10 That gives Apple a market capitalization of $572 billion. To put that in perspective, Exxon Mobile is valued at $361 billion and Microsoft at $448 billion.

source: CNBC

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63 Comments

1. Finalflash

Posts: 4063; Member since: Jul 23, 2013

LOL, 85% of wallstreet is bullish on Apple because they all have a hand in that cookie jar. Apple is the darling wild growth child of the last decade for wallstreet and a few too many of them have gone too deep into it. They are all praying for the same thing, that Apple goes back up to the point where they can exit with a decent profit because a lot of them have lost money on this one since the hyped days of their trillion dollar valuation dream. Their hardware is down and their services are going no where fast. They have no future plan with no foreseeable products or investments and have randomly decided to imagine themselves in the AI game.

47. techlover2017

Posts: 65; Member since: Aug 22, 2016

History is evident ,that one day monopoly has to die.

62. sgodsell

Posts: 7526; Member since: Mar 16, 2013

Apple even made a statement that they are making their own version of Snapchat. If they don't make their version multi platform, then there is no need for their version of Snapchat. The only need is to keep their herd locked into using their apps like FaceTime and iMessage. I think people have finally clued into Apples wall garden.

63. sgodsell

Posts: 7526; Member since: Mar 16, 2013

Apple's greed is also catching up with them. Also there is no VR, or other plans for any new tech.

68. nasznjoka

Posts: 418; Member since: Oct 05, 2012

And why would you wish Apple to fail? At least I trust them compared to MIcrosoft!

2. Doakie

Posts: 2478; Member since: May 06, 2009

I would have to agree. Their product visionary is dead.

18. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

I'm curious, if Steve Jobs would have been here, what product you think he would have came up with? Apples last chance at mobile is to make the move i am saying right now. While Appple criticized andaughed at the Surface Pro like Ballmer did of the iPhone, Apple needs to immediateky change their stance and make a Mac tablet. Because right now Microsoft has a doubke digit market share in tablets which means the Surface is a really doing very well and so.iso.is the Surface Book which I plan to get this year after the price drop when the new one comes. Apple Car if it hallens os years off. Apple Tv as a real tv with IOS, not yet and even Samsung has Tv's running Risen. The iPod is dead. The IPad is dying and. Oe the iaphone is dying. Apple.is going ro lose so mny sales just like now anf the iPhone sales are going ro. Ri g Apple. To 20% lost in there 2nd quarter, while their 1st quartee for the holidaysy agree them spme sales, but it won't be 75M. I give 60M at the most. So much for the Steve Jobs left Apple a road map. If he did, then he shoukdnt have used Apple Maps to plan it because Apple is clearly lost. Once Apple falls I can i wait to see whatvtbe fanboys gin a have to say.

27. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Damn dude, please take at least a few seconds and double check what you type BEFORE you post, your spelling and grammar errors are giving me anxiety!

55. Creep

Posts: 193; Member since: Apr 05, 2016

TechieXP clearly typed this with his Note 7. You gotta love that laggy keyboard man.

29. lyndon420

Posts: 6867; Member since: Jul 11, 2012

I say Steve would have introduced everyone to a round smartwatch ;)

56. AlikMalix unregistered

I'd like to believe that myself. Ive is nothing without Steve looking over his shoulder.

51. ibend

Posts: 6747; Member since: Sep 30, 2014

obviously no iPhone plus, apple pencil, or camera bulge if he still around :-/

48. techlover2017

Posts: 65; Member since: Aug 22, 2016

Every bodybuilders have their day's.

4. bobby84

Posts: 595; Member since: May 13, 2016

I'm no Apple hater, I just see a very overrated company. I believe they brainwash people to buy their product no matter what. Apple doesn't have the best of any one thing and yet it's fans believe it's not only the best but anything else trash. Buying a Apple to me goes against common sense. If you where you take 2 phones and do a blind test and ask them on a feature, needs and want bases no one would pick iPhone.

5. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Really? So if a person wants and needs iMessage and FaceTime, where else should they go?

15. bobby84

Posts: 595; Member since: May 13, 2016

For example lets do a blind test on Note 7 and iPhone 6s plus 64gb. Both phones are the same price which one sounds better. This is more of a hardware comparison due to them being the same price. ----remember they are the same price *Would you want the phone with the better, sharper, higher contrast display? Or the one that's worst? *Would you want the phone that water and dust resistance? Or the one that's not. *Would you want the phone that supports next gen graphics(vulkan) or the one that don't? *Would you want longer battery life or less battery life? *Do you want a screen rated with stronger shatter resistance, or one that's not? *Do you want a payment system that works almost anywhere, vs just NFC? *Do you want fast charging or slower charging. *Do you want the worlds faster camera auto focus or average? *Do you you want a camera with the worlds best low light perforamce are one that below average. *do you want a free 256GB SD card or pay $100 more for a extra of 64gb *Which search do you find better "Google" or "Siri" *Do you want 15gb free cloud space or 5gb *This phone has wireless charging free, this one don't *Would you like your phone to support the latest movie tech free(HDR) *Free VR or no VR option *Software that allow you the option to install any app if you choose. *Most customization or less *Global compatible with every device all over the world, vs limit to a specific device. So really the only thing Apple has to me is that load boots faster and load games 5 seconds or so faster.

21. AlikMalix unregistered

----remember they are the same price *Would you want the phone with the better, sharper, higher contrast display? Or the one that DOESNT SLOW DOWN YOUR SYSTEM AND CAUSE MORE BATTERY DRIAN FOR DIFFERENCE YOU CANNOT SEE!!!? *Would you want the phone that water and dust resistance (OFFICIALLY)? Or the one that's ALSO WATER AND DUST RESISTANT BUT DOES NOT ADVERTIZE IT? *Would you want the phone that supports next gen graphics(vulkan) or the one THAT HAD METAL GRAPHICS FOR YEARS NOW? *Would you want longer battery life or less battery life? ASSUMING ANDROID MANUFACTURERS FIX THEIR BATTERY DRAIN ISSUES. *Do you want a screen rated with stronger shatter resistance, or one that DOESNT HAVE EDGES OR BACK THAT SHATTERS THE FIRST TIME YPU DROP IT? *Do you want a payment system that works almost anywhere, vs just NFC THAT WAS AVAIL EL FIRST BY THE COMPANY THAT ACTUALLY INCENTIVISED BANKS AND MERCHANTS AND PUSHED THE TECHNOLOGY FORWARD? *Do you want fast charging AND WORRY IF YPURE USING THE RIGHT CHARGER SO THAT YOUR NEW DEVICE DOESNT EXPLODE NECT TO YOUR HEAD or slower charging THAT DOESNT RISK YOUR LIFE?. *Do you want the worlds faster camera auto focus or COMPARIBLE CAMERA THATS ALSO BEST VIDEO RECORDING WITH REAL SLOMOTION VIDEO AVIALBLE AT LEAST A YEAR BEFORE COMPETITION. *Do you you want a camera with the worlds best low light perforamce are one that ALSO HAS GREAT LOW LIGHT PERFORMACE GOR A PHONE YEAR OLDER THAN COMPETITION. *do you want a free 256GB SD card or pay $100 more for a extra of 64gb THATS BEING UPGRADED TO 128gb IN A WEEK AND IS ACTUALLY BUILT-IN MEMORY THATS FASTER AND LIGHT YEARS MORE RELIABLE THAN SD? *Which search do you find better "Google" THAT TRACKS YOU AND SELLS YOUR DATA INCLUDING ADMITTING TO DIGGIN THRU YOUR EMAILS, PHOTOS, AND READY TO SELL TO HIGHEST BIDDER. OR "Siri" THAT ACTUALLY RESPONSES LIKE A HUMAN INSTEAD OF A "BLEEP" AND IS BUILT TO WORK WITHOUT COLLECTING YOUR DATA ON SOME REMOTE SERVER...? *Do you want 15gb free cloud space or 5gb? YEAH THATS A SALES POINT - ESPECIALLY WHEN THERE ARE OTHER CLOUD THAT WILL OFFER 50GB FOR FREE IF THATS WHAT YOURE AFTER. OR IF YOU MUST - for extra $12 A YEAR YOU GET 50GB THATS ACTUALLY INTEGRADED WITH YOUR OS BETTER THAN ANY ANDROID DEVICE TIED TO ANY CLOUD. *This phone has wireless charging free, this one don't (OR) BOTH DO NOT HAVE WIRELESS, ITS STILL WIRED SO FOR AN EXTRA $30-80 YOU CAN HAVE A PAD THAT YOU CAN CARRY INSTEAD OF A CHARGER. *Would you like your phone to support the latest movie tech free(HDR) BUT NO MOVIES TO WATCH EXCEPT FOR SAMPLES YOU FIND ONLINE. *Free VR or no VR option ARE YOU AN ADULT? OR YOU CAN WAIT FOR APPLE TO ACTUALLY SHOW YOU WHAT "AR" or "VR" SHOULD REALLY BE ABOUT? *Software that allow you the option to install any app if you choose. MOST OF WHICH IS RIDDLED WITH MALWARE, JUST TO SAVE A BUCK - GOOD LUCK. *Global compatible with every device all over the world, vs limit to a specific... iPHONES HAVE EVERY BAND WORLD WIDE.

30. bobby84

Posts: 595; Member since: May 13, 2016

Nothing you say is backed up with valid facts but rather theories -Fact Samsung MSt works almost anywhere Apple doesn't. What someone did first won't make Apple pay work at pizza hut or the corner store. NO. -Phone shatter first time you drop it is a THEORY, because that not true. So if I drop my note 7 it is guaranteed to break? FACT Note 7 glass is more shatter resistance than iPhone spec wise. -Charging explodes the phone is a Theory, not a fact. I charged my note7 this morning and guess what no explosion. -Note 7 has a longer battery life than iphone 6s Plus even with always on display, QHD and a bigger screen. Note 7 might consumer more battery but the battery is bigger and longer lasting while at the same time being physically small and lighter device. -Theory - Android isn't as integrate as iCloud. Samsung cloud backs up everything including app data, apps, email, Bluetooth and wifi settings. It logs you back into your emails, it mirrors your phone no setup or settings required. -HDR is coming as we speak. Point is their the same price, if iPhone had it you wouldn't say that. If iPhone had it would you remove it? -Remember Samsung makes the free SD card and iPhone use Samsung RAM. Samsung makes the worlds best SSD's. Reliable is a theory You can prove that the Samsung 256GB evo is less reliable. ITS ABOUT FACTS( the free 256sd was a fact, $100 more for 64gb is a fact) -Most software ISN'T riddled with malware, "Showbow" and "Movie HD are good ones, "Kodi" too. Unless you have proof most are malware and which ones are then that's a THEORY. name off the apps that are malware, and I need 51% to make your theory fact. -Wireless charging? fact is Samsung sells millions of those. Also it comes built in to most new trucks, just throw it in a console and it charges.

38. kiko007

Posts: 7520; Member since: Feb 17, 2016

So much bulls**t in one comment.........

49. bobby84

Posts: 595; Member since: May 13, 2016

You get your broke iPhone fixed yet?

40. AlikMalix unregistered

It's not "theories" it's backed up by plenty of reports and articles. Besides you left out buncha stuff that iOS has that android doesn't. Why?

50. bobby84

Posts: 595; Member since: May 13, 2016

Like what? how can iOS benefit me? You have the Floor

57. AlikMalix unregistered

Bobby, I don't know you, so I don't know how it will benefit you... That's a catch 22 question and you know it. But why DO YOU think that automatically people with iPhones made a "sheep" choice? What makes you think you know them better?

67. bobby84

Posts: 595; Member since: May 13, 2016

I told you, it goes against common sense? Think of all the iphone 6's and 6s's that were sold. Let compare that to the Galaxy s7 two similar devices right, in size and software. Since both phones are similar, a thinking and logical consumer would go for the Galaxy s7 since they are almost the same price. The s7 is almost the exact same size, yet it has a bigger better display 5.1 vs 4.7. s7 also has newer technology using Super AMOLED and QHD vs HD(720p LCD, that's the same as the absolute cheapest phones you can buy). Also the screen is tougher. Then you got a longer battery than the iphone, you got faster charging, fast wireless charging, the camera is better. Galaxy has the worlds best low light performance, the worlds faster autofocus, wide angle selfie, Raw camera mode and more camera mode options, and even a spot to download new modes straight from the camera app. You got 32GB of storage vs 16GB, at the time Samsung was giving away 100GB cloud storage free for 2 years vs iPhone 6s 5GB. Software wise iPhone can't touch Samsung stock custom settings. I might have 30 different options just under the dailer to customize to my liking if I want and it so easy and straight forward they I can't think of a way to improve it. Also s7 is water resistance, support Vulkan and has VR. Samsung pay works almost anywhere. You have a "always on display" too, slit screen mode etc. what are iOS advantages. All I see if that it loads games about 5 sec faster.

32. Papa_Ji

Posts: 873; Member since: Jun 27, 2016

Go and f**k yourself with a CACTUS. Then you will realise which one is better.....

36. kiko007

Posts: 7520; Member since: Feb 17, 2016

So using a Samsung phone is the equivalent of thorn filled anal penetration??????? I guess that's one way of describing it........

41. NoToFanboys

Posts: 3231; Member since: Oct 03, 2015

Whoa, calm down Alik, you just went full techiexp.

53. ibend

Posts: 6747; Member since: Sep 30, 2014

*denial

65. rick_mobile

Posts: 359; Member since: Dec 13, 2010

Finally he cracks and the true colors show. I always suspected you were a pretentious, weak minded, apple fanboy with an inferiority complex. Lol

44. yyzamin

Posts: 383; Member since: Aug 26, 2015

"Sounds better" - Exactly... I'll I'll buy an iPhone. I'd rather pay for Quality and Performance over lag and gimmicks.

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