Rogoff: Apple's glory days will not last forever

Apple's glory days are numbered and it will be impossible for the technology giant to sustain its meteoric pace of growth, according to Ben Rogoff, manager of the £412m Polar Capital Technology trust.

The launch of Apple’s much anticipated iPhone 5 led to a 5.8% fall in the company’s share price from highs of $704 prior to the launch, to $663 less than a week later, despite the sale of five million units in the first three days of launch. Analysts were disappointed with the figure, which undershot their forecasts, and some investors moved to sell out. Rogoff (pictured) is still bullish on the stock’s prospects, retaining a 13%-14% holding in Apple in his closed-ended vehicle, but has reduced exposure to 7% in the £466m Polar Capital Global Technology fund (a UCITS product). He p...