Apparently not everyone is in love with Apple (NASDAQ: AAPL). The Fidelity Investments Contrafund reportedly cut it’s stake in Apple (NASDAQ: AAPL) by 9 percent.
The Contrafund Is the largest active shareholder of Apple stock, only 9.2 million shares at the end of April, down to 10.1 million shares in March. The stock held the second heaviest weighting in Contrafund, behind Google’s (GOOG) 5.7%.
Fund manager Will Danoff cut the funds stake by 12 percent during the first quarter. To add to this news,
A US government lawyer has accused Apple of teaming with publishers in 2010 to drive up the prices of the books.
The Justice Department attorney, Lawrence Buterman, opened a New York trial by telling a judge Monday that Apple’s scheme cost U.S. consumers hundreds of millions of dollars.
Lawyers for Cupertino, Calif.-based Apple say the allegations are based on “faulty assumptions and unfounded conclusions.”


Latest posts by Karen Jackson (see all)
- Intoxicated South Carolina Man Punches Waitress Who Refused to Serve Him Alcohol - June 29, 2018
- Restaurant Manager Arrested and Charged in Shooting Death of Co-Worker over Negative Yelp Reviews - June 20, 2018
- Minnesota Teen Gets Head Stuck In Oversized Tailpipe Winstock Music Festival - June 18, 2018