Maverick Capital, a $10.5 bn hedge fund, is betting large which the phone market has chock a 'tipping point'
Maverick Capital, a $10.5 bn hedge fund run with Lee Ainslie, is betting versus companies which going to be hurt with the maturation of the phone market. The bet is the firm's largest collective short position, according to a year-end letter dated January 30. Maverick Capital, the $10.5 bn hedge fund run with Lee Ainslie, is betting large versus the phone market. The company told in a January thirty letter to Businessmen which its largest collective short position is companies which it thinks going to be negatively impacted with a slowdown in the phone market. In an analysis penned with Andrew Warford, who is chairman of Maverick's stock committee, the fund determine out its thesis for why the phone market has chock a "tipping point."Global phone market drops 9% in biggest ever fall
As it stated in Smartphones universal phone market drops 9% in biggest ever fall request for new phones appears to be waning with collapse in China market and Apple shipping 5m fewer devices Boxes of the iPhone X are pictured during its launch at the Apple store in Singapore in November 2017. Photograph: Edgar Su/ReutersThe universal phone market fell 9% in a year this quarter, the biggest fall in phone history, with even Apple's iPhone discounds drop 1% as users hang on to their phones longer. Data from Strategy Analytics shows universal phone shipments shrank year-on-year from 438.7m to 400.2m in the 4th quarter of 2017. Linda Sui, director at Strategy Analytics, said: "It was the biggest annual fall in phone history. "Global iPhone volumes have in reality declined on an annual Fundamental for 5 of the past 8 quarters," told Neil Mawston, executive director at Strategy Analytics.collected by :John Smith
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