Apple Inc. Is The Next BlackBerry Ltd: Joel Greenblatt

Legendary long / short relative value investor Joel Greenblatt, head of Gotham Asset Management, thinks his long investment in Apple Computer could turn out like Blackberry, which flopped from 50% market share in 2007 to near 1% today. Greenblatt, perhaps one of the least concentrated major fund managers in existence today, might not be sure about his investment in Apple, per se, but the basket of stocks in which Apple falls is likely to deliver significant returns.

Is Apple the next Blackberry?

Blackberry's stock price hit its high July 20, 2007, then touching $230.52 at a time when the popularity of the device was at an all-time high. But the company missed an...