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

Posted by: UGN Security

[Reuters] Fidelity Contrafund's Danoff frets over Apple rivals - 05/01/13 04:49 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.