Why This Hedge Fund Manager Thinks Apple Watch Doesn't Need To Succeed In 2015
In an interview on Benzinga's #PreMarket Prep, Rev. Emmanuel Lemelson from Lemelson Capital Management discussed the importance of the impact on the Apple Watch for 2015, noting that it doesn't necessarily have to succeed immediately to ultimately be a success.
Some of Rev. Lemelson's key takeaways:
- Apple Inc. (NASDAQ: AAPL) shares are still cheap, even at $150.
- The Most important aspect for 2015 is that Apple has its foot in the door with the Apple Watch and that it continues to grow.
- If any company can succeed at bringing a smartwatch to market, it would be Apple. The iPad is a prime example.
Check out the full interview in the video below:
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