We are proud to announce that Mike Frazier was quoted in The New York Times. The article “Apple Continues to Grow, but Profits Drop as Costs Rise” focuses on the company’s earnings report. Congratulations Mike!
“Tim Cook and crew threaded the needle masterfully,” said Mike Frazier, the president of Bedell Frazier, a Bay Area-based firm with $600 million under management that counts Apple among its top holdings. But Mr. Frazier said it was clear that even the affluent Apple customer can cut spending a bit, which will most likely squeeze profitability in the future.
For those with a New York Times subscription, the article can be read here.
