Julian Robertson, who is the head of Tiger Management, said this week that he was extremely positive about Apple, and that the company’s CEO Tim Cook is the perfect person to lead the company.
“It, I think, now has the right leader for this time”, said Robertson to television network CNBC.
Apple has the right leader, says Robertson
Robertson also said that Cook was a better leader for Apple than previous CEO Steve Jobs, because Cook is “more of a humanist, and I think that’s what a company of that size needs is a leader rather than an innovator”.
Robertson also stated that the Apple Watch was not the main reason why he’s bullish about the Cupertino-based company, but he did say that he owns one and that it could be a pretty good product. The Apple Watch is Apple’s first all-new product under Tim Cook.
Tiger Management owned 324,500 shares of Apple by the end of the first quarter, according to an SEC filing. Investor Carl Icahn, who had about 53 million shares at the end of the same period, said last month that Apple stock should be trading at $240 and the company was about to enter and dominate the television market by 2016, and the automobile market by 2020..
Apple shares closed up 0.72% at $125.425 on Tuesday.
SOURCE: Reuters.
Larry Banks is a keen follower of technology and finance. He has worked for a variety of online publications, writing about a diverse range of topics including mobile networks, patents, and Internet video delivery technologies.