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Jefferies & Co. Managing Director Peter Misek on Apple taking on the TV industry and the potential growth for Apple shares.
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Well now we have an analyst with a body order on apple Peter -- is -- managing director and senior equity research analyst by way -- you have as I'm not mistaken at 800 dollar target.
For Apple Stock you stick -- that.
Absolutely we we certainly have a narrower target more pretty excited about an actual Tim Cook we just we just heard from him out out in California what do you think of the job he's doing.
Doing a great job he's not Steve he's a very different person.
He's probably the best supply chain manager in the world is -- -- -- He's not the same personality but he.
As managing a lot of egos a lot of talent and a lot of genius.
Underneath -- many doing it what was thus far flawlessly.
We'll talk about part of that supply chain pretty soon I TV is gonna become a part of it way and -- and what is it gonna look like.
So we still believe there's a good chance it gets unveiled on June 11 -- the -- wanna.
We think it'll be available in Q4 of this year.
And we think it's a 42 to sixty inch TV.
With the TV service actually provided by Verizon and AT&T -- -- -- -- subscription to either of those services.
And you'll be able to interact with that content and a brand new way with a brand new -- And else -- play -- wraps -- gonna play Angry Birds.
The real play Angry Birds on your TV by take your hand in front your face and flicking across screens OK now it'll cost I I know that cost as has not seem to be an issue.
With apple before but he said it iPad be too expensive people -- -- they said the same -- I thought people -- -- But TV -- flat screen TVs are getting so cheap and consumers are custom.
To -- to them becoming so -- with all the bells and whistles inside how how expensive will -- Stevie -- Winning at the midpoint 15100 dollars but orange probably from 1250 to 2000.
And we argue we will argue that it's gonna replace a set top box game console.
And a bunch of other -- you have -- your home so it's it's arguably.
Going to be value priced compared to where people originally thought -- would -- -- and is do you think the time is right do you think that consumers are ready to dump all that other stuff.
Absolutely we think the innovation and TV space.
Since the flat panel has not been great.
We think -- ecosystems are terrible and frankly we -- affirming guys over forty years old.
And could do with a major do over.
I can't think of the number of ours -- waste flipping through that guide looking for what I want what you're talking a lot easier.
Now I'd be a lot easier to be able to just go to what I want and I you know of course you that you don't know what's gonna happen in a sinking economy that you -- OK I gotta ask you about the iPhone and why are you shorts are gonna be an iPhone four Q work for Z -- -- -- do five this time right.
We're pretty copper orient iPhone 5 release for what is that -- going to do that the idea iPhone forested do.
Foreign screen it'll be twenty to 30% thinner utilizing new display technology called in -- I think a lot of faster process or global LT.
And frankly we think you'll also be coupled with Iowa six we think will be although video.
-- only available watcher videos and read your books even better on your iPhone finally Peter rim is there any floor -- a stark.
I haven't been able to figure out what the floor as you know we struggled.
For hours last night trying to figure -- what is a salvage value here.
And the challenges that a couple -- big assets are encumbered their patent portfolios cross license.
Their best bid is not known infrastructure all their networks.
-- actually require an upgrade to new OS which is supposed to happen this fall so it's really tough put a value on it.
Frankly if the fundamentals continue to -- deteriorate it's hard to see the stock not going a lot lower aboard Peter mystic absolutely crystal clear and apple not so much so one -- Peter great to see -- thank you very much --
