Piper's Munster Mulls Apple's (AAPL) Future at Recent Conference
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Price: $291.37 -1.44%
Rating Summary:
46 Buy, 28 Hold, 7 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
46 Buy, 28 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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Piper Jaffray's Gene Munster is one of the more notable analyst out there making Apple (Nasdaq: AAPL) calls, and generally has a good idea of what the innerworkings of Apple are up to.
On Wednesday, Munster participated in Business Insider's IGNITION:Future Of Media conference in New York City.
Here are a few key points made by Munster at the event:
Apple shares are 1.7 percent into positive territory Tuesday.
On Wednesday, Munster participated in Business Insider's IGNITION:Future Of Media conference in New York City.
Here are a few key points made by Munster at the event:
- Adding Disney's (NYSE: DIS) Bob Iger to the Board was huge, bigger than most people think. The reason is that media is going to be big for Apple moving forward, and creating key partnerships with companies like Disney will be critical. Why, you might ask?
- Apple TV is coming, and Munster says it will be awesome. He speculates TVs will start at about $1,600 per, but even getting 2 percent of the market is an additional $4 billion to the top line. Of course, with Apple nearing the $200 billion mark in annual revs, the number begins to lose its luster.
- Developers and consumers both love Apple...more than Google (Nasdaq: GOOG) Android.
- Nothing has changed with Apple's ops since Jobs passing, and management looks to remain in place.
Apple shares are 1.7 percent into positive territory Tuesday.
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