[Reuters] Fidelity Contrafund's Danoff frets over Apple competition

Posted by: UGN Security

[Reuters] Fidelity Contrafund's Danoff frets over Apple competition - 05/01/13 03:36 PM

BOSTON (Reuters) - Fidelity Contrafund manager Will Danoff, the biggest active shareholder in Apple Inc , cut his stake in the iPhone maker 12 percent in the first quarter and cited "heightened concern" about increasing competition.