David Einhorn, the Hedge fund manager still has his bullish views about Apple’s iPhones even though the market had plunged recently where a vote of confidence was given to the company during a conference call recently. He stated that they continued to own the company even though the bare case earning of the company had traced down to the single digit. He also went on to say that the company believes that the brand name of Apple has tremendous values as it has a customer base that is growing globally which not only buys the additional services however even its new devices are bought periodically.

The comments of Einhorn came in when Apple shares saw a steep decline especially in a fiscal quarter that was viewed as disappointing by many. Billions of dollars has been shed by the company in the capitalization of the market since the earning of the second quarter had been revealed in which the year over year was almost $8 billion.

In the 4th quarter of 2015, Einhorn‘s APPL stocks were cut by himself even though the company had got his support. The position that Einhorn held even then did not mirror Carl Icahn the activist investor. Recently it was in the news that the entire sock that he owned was taken out complete in the past few weeks. Previously, Icahn was one of the Wall Street cheerleaders previously however he had also spoken about the future of the company which a concern was considering the Chinese market was tightening up.

The relationship between Apple and Einhorn has been difficult with the contest that was made publicity by Apple in regards to the cash hoard of the company which was growing. There were also claims that investors were hr with the practices. In 2013, the company was sued by him however less than a month later, the action was dropped.