Apple Inc. (AAPL) May Be “Obsolete” in 2-3 Years: Pedro De Noronha

0

Apple Inc. (NASDAQ:AAPL) is not a stock Pedro De Noronha of Noster Capital invests in because he said in a recent interview on CNBC that he does not know where the company will be in the future.

In fact, the Noster Capital managing director ventured that Apple Inc. (NASDAQ:AAPL) may become obsolete in two to three years.

Apple, is Apple a good stock to buy, Pedro De Noronha,

De Noronha was told that he may be missing on opportunities as every CEO the hosts have had in the program make it appear that there is a special game being played in the technology industry and that there is a bunch of money being made especially in developments in the Internet of Things. He responded saying:

“I don’t disagree with you. The only problem I have is, I’m a value investor and I’m a medium- to long-term investor. I need to know where a company is going to be in five to ten years. I don’t know where these companies [are going to be]. I mean, look at Apple, a company that we all admire. I love Apple. I don’t own its shares but I own a lot of their products. I don’t know where they are going to be in three years.”

Furthermore, De Noronha went on to explain why Apple Inc. (NASDAQ:AAPL) and similar companies in the tech industry are not companies he has invested in. He said:

“It’s a very competitive landscape. They might become obsolete in two to three years as we’ve seen dozens and dozens of technology companies. So as an investor who’s a value investor, the first thing you need to [do]is to make sure that you can, with a certain degree of confidence, estimate where that company is going to be in five to ten years. I have no clue where these companies are going to be.”

Watch the video below where De Noronha talked about Netflix, Inc. (NASDAQ:NFLX) after Apple Inc. (NASDAQ:AAPL).

Disclosure: None

Suggested Articles:

Most Frugal Billionaires

Best Selling Products of All Time

Share.