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Can Apple Sustain its Growth?

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  • Description

    Topeka Capital Markets Apple Analyst Brian White on why he sees a bullish outlook for Apple.

  • Duration 3:13
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This transcript is automatically generated

Trying to -- -- probable -- next guest says.

Got a barrage of new gadgets coming and that is gonna -- its stock nearly doubling.

To -- 11100 bucks disparities.

To -- -- capital markets on.

Bright light on that so that's any advance.

Why do you see that how do you see that.

-- -- SO when they look at apple here.

I think this year.

Apple will be the most profitable company.

On the face of this planet with over 46 billion dollars in profits.

So let's keep that in mind this is most profitable company in the world this year that we've ever -- The stock is still trading at just nine times excluding its cash balance of the S&P trades -- twelve times.

Excluding Apple's -- 110 billion in cash it's nine times.

We've got a lot of new products on the horizon.

And Apple's market share is still very very low with 5% in the PC market in only 9% in mobile phones.

Tablets are -- new area they have over 60% share.

So there's a lot of new areas I think apple can move into in -- -- opportunity for tremendous market share growth that apple.

So I could not be more bullish and apple we've got a price target of 1111.

I think we'll see it in a year -- in the year nod I should disclose here -- I am an apple.

Shareholders so I guess the shareholder and -- would say do you have go baby go but those of the doubt Brittany says.

It's ignoring some of these very real threats from credible competitors.

It's suing Samsung at -- getting angry even moving.

On and and a lot of them like you know gogel and and Microsoft -- -- -- credible products that are getting some industry buzz and I think that.

Apple more lately especially now it's off that it wants a smaller -- that is following those guys not leading those guys.

So maybe -- a little letting yourself.

Well I don't think so and I think what we have on the horizon you know iPhone 5 is expected to come out in the fall we think it's coming out in September.

This will be the biggest consumer electronics -- and he's so great about this one.

But what's going to be different about this the last two iterations of iPhone have been relatively similar so number one I think the form factors -- -- be different.

You're gonna have a unibody casing it's -- -- be aluminum.

Second thing it's it's gonna be forgy.

So we've only had three G devices in terms of iPhone from apple this should be a -- -- device.

Other third thing is I think we're gonna have some NFC connectivity with iTunes.

Potentially apple money type products so.

Think it's going to be looked different.

It's gonna perform a lot better it's gonna have a bigger screen to four inches so that -- quickly -- you think Steve Jobs if you were alive would be suing as much as apple is right now almost every step for example.

That dot Samsung to its.

Oh absolutely you do you know isn't any end Walter rising things book.

Steve Jobs said he's going to go thermonuclear.

On the android I remember them -- we saw that right we saw that with Samsung.

Earlier this week he said he would spend every last dime that apple has going after -- android that stole.

The -- system from apple so absolutely he would be going after.

Nor will watch closely.

Brian thank you very much -- might.

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