According to American investor Paul Mampilly, there is something Apple electronics is not doing. Apple is the biggest mobile technology company in the country, but if the recent performance of the company is anything to go by, the future looks gloomy for the giant company.The company according to Mampilly is doing nothing to make it remain competitive over a long period. Apple has not been making any initiative to advance technological innovations. Since the death of Steve Jobs, the company has not invented any new product. This put the future of the company at risk. Other companies in the industry such as Amazon and Google are coming up strong and have made great innovations which will threaten the dominance of the company in the mobile technology industry.
Paul Mampilly has already predicted dark days for Apple if nothing is done to bring back the innovative edge they were once known for. Although the company will not die in just a single year, he predicts that 2018 is the year when the stock value will start to go down. For the last one decade, Apple has been one of the best-performing companies in the stock markets, but this is about to change. There is nothing to support higher prices.When Paul Mampilly says something, then it’s imminent. H has worked in the stock markets since 1991. He has seen the good and the bad in the industry and can tell when a stock is about to suffer. His first job in the financial industry was at Bankers Trust where he was the assistant portfolio manager.
After that, he worked for Deutsche Bank and ING. He had an opportunity to trade huge volumes of capital under these institutions.Paul Mampilly has worked as a hedge fund manager for Kinetics Asset Management. He helped the hedge fund grow its capital to over $25 billion. Under his leadership, it was labelled the world’s best hedge fund. He has managed to grow its capital by 26%.In the last one year, Apple gained in a big way after Warren Buffet bought shares worth $20 billion. However, Paul believes that despite the company gaining, there was no increase in its business. The stock is mainly driven by the perception which has been created in people’s minds that the company create innovative products. This has not been the case since the death of Steve Jobs. No single product has been added to the company’s list of innovations since 2011.