#bendgate Fears Are Irrational, Says Wall Street Analyst (AAPL)

Cantor Fitzgerald analyst Brian J. White commented on today's decline in Apple (Nasdaq: AAPL) and concerns the iPhone 6 Plus bends with everyday use. Social media dubbed the phenomenon #bendgate, and the topic has quickly gathered steam in the media. White called fears "irrational," and he views the decline as an opportunity.

"With the release of an online video that demonstrates applying ‘excessive force’ to a new iPhone 6 Plus can result in a bending phenomenon, a media blitz has ensued, and this has driven concerns around returns of the new iPhone. Described in the media as "bendgate," we believe the concern around an average person bending an iPhone 6 Plus with typical everyday use is irrational," said White.

"After taking both new iPhones for a spin at Apple's Special Event, and again this week in Hong Kong, concerns with bending the iPhones never crossed our mind as both felt very durable. As such, we believe this concern offers investors an opportunity to take advantage of this media-hyped situation and participate in what we believe is the next "super cycle" for Apple," he added.

White went on to say numerous contacts in Asia support the notion that the iPhone 6 Plus and iPhone 6 will be met with an insatiable appetite in China.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $101.75 yesterday.

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