Apple Inc. (NASDAQ:AAPL) had a very successful year under Tim Cook and Apple Inc. (NASDAQ:AAPL) became the company with the world’s largest market cap ever, touching $700 billion. Many started saying that Apple Inc. (NASDAQ:AAPL) would become the first trillion dollar company in the world. Polar Capital Partners Fund Manager, Ben Rogoff talked on CNBC about Apple’s successful year.
Rogoff feels that tech sector was a great sector to be in for the year 2014, where many big and small tech names have done very well. He feels that many big tech names seemed very cheap in 2014, which included Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Intel Corporation (NASDAQ:INTC) and Cisco Systems, Inc. (NADSAQ:CSCO). He feels that Apple had a monster year with great upgrade cycle to it products.
“[…] and of course the elephant in the room, Apple, delivering a monster year with a fantastic upgrade cycle of products,” Rogoff said.
Polar Capital Partners portfolio included almost all the big tech names including, Apple Inc. (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and many more. Apple Inc. (NASDAQ:AAPL) saw a huge jump in share prices in 2014, which went up by more than 35% YTD. Many attribute this success to Tim Cook’s leadership. Rogoff feels that Steve Jobs has laid the foundation necessary for this success with the basic product cycle.
Rogoff feels that after Steve Jobs death, the company went through a rough phase, when many felt that the company cannot touch the same heights without Steve Jobs. He added that Tim Cook has done a brilliant job post Steve Jobs death and got the company to where it is now. He feels that the part of credit goes to Tim Cook for current position of the company.
He also added the company has better relationship with investors and shareholder with Tim Cook’s leadership, which is very evident. He feels that iPhone 6 dominance will run into major part of 2015 as well. He feels that there are many people who doubt the success of Apple Watch, but he said that the street’s expectation of 10 to 12 million units sale is low. He added that he is excited about the Apple Watch launch in 2015.
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