Prem Watsa, the CEO of Fairfax Financial, recently doubled down on his stake in Research In Motion, of BlackBerry fame, making him the largest shareholder in the company. While Watsa has a great track record, tech analyst Andrew Tonner thinks RIM will continue to lose market share in the smartphone market to Apple and Google. Don't be surprised if this company posts further losses.
While RIM has faded from the center stage in the smartphone market, Apple has surged to the top. Apple is the most influential company in technology and has delivered market-smashing returns for those lucky enough to invest in the company. However, with the impending release of the iPhone 5 and Apple TV on the horizon, the stakes have never been higher for the company. If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand new report that details when to buy and sell Apple. To get started, just click here now.
The article Watsa Doubles Down on RIM originally appeared on Fool.com.
Andrew Tonner owns shares of Apple. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services recommend Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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