From our liveblog of the Ira Sohn event, here are our notes on his explanation.
Some worry if Apple share price doubles, it will become a $1 trillion company. Einhorn said he consulted regulation, and there's no limit on $1 trillion market cap.
"I believe Apple is software company that monetizes its value from repeated sales of high margin hardware," Einhorn says.
Hard time seeing how anyone rates Apple as below average.
So basically, people think of Apple as a hardware company and that's how its still misunderstood.
He also noted that the fact that SO MANY hedge funds own Apple is seen as a turnoff.
Worth noting that yesterday Einhorn's fund Greenlight disclosed a 1.4 million share holding in Apple
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