When the Berlin Wall fell in late 1989, a few months before Mr. Mandela's release from jail, only three of sub-Saharan Africa's 48 countries were democratic.
Our reasons included concerns about the ultimate market cap the market would allow the company to achieve, rising competition from Android devices, the release of the iPhone 5 with a sub-par mapping application and concerns about the ability of the company to hold together its management team in the post-Steve Jobs era (a concern that was validated when the company announced management changes).