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Roger Kay of Endpoint Technologies, RDM Financial Group CEO Ron Weiner, and The Unofficial Apple Weblog editor Mike Rose on Apple's stock price and th...
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All right so -- -- event is now underway and before the news starts flowing out of their let's bring in our all star panel joining us for the hour to digest all things apple.
He is Ron -- CEO of -- financial group we also Roger Kay founder and Pointe technologies and Mike Rose editor.
Of the unofficial apple web blog guys thanks so much for joining us.
-- -- -- start with you it's pretty amazing that that everyone's still get so worked up about these events but they do why is that.
Well audited that there is a following here there there almost groupies that people love their iPhone and they love the company.
For us we love the stock.
It's it's an amazing thing the following they have -- more importantly there's so much more room to go.
They keep innovating they keep taking market why do you think there's so much more -- -- out because some people wonder about -- point especially with new leadership.
Yeah well first off the space the emerging markets.
You have.
42% of the -- markets in Asia only 27%.
The United States interestingly there -- there as more people that can afford it.
That want it so there in the -- -- second thing is Apple's got five stores and all of China.
-- Robert talked to the little -- my thunder.
Is that China Telecom's not on it anti K -- -- is not on it is only 250.
Service providers.
Out there in the world that have the iPhone there's 850 service providers so there's a lot of room to go where -- they've just started really.
And Roger let's build on that -- a lot of room to go we know that since the iPhone debuted.
Five years ago it's become a crowded space for Smartphones so with the -- -- five are you confident that apple will hold onto its dominance.
Well right I did I would say that sharing that dominance now with Google and and in particular -- -- Samsung is actually outsold level recently but apple could retake that crowned with the iPhone 5.
There's been a lot of anticipation.
A lot of apple fans have held off buying phones for little while knowing that this phone is coming.
As likely to be a tsunami of purchases right after the launch so.
Apple may in fact become very dominant -- people just love this.
Phone and they love the ecosystem that goes around -- all the services and software that -- provide.
Michael what the -- and that must have feature that has to be included in this new like clutter everyone's gonna be so disappointed what it said.
It's gotta be LT I mean I think that the market for so for Smartphones and the carriers evolved and pushing higher speed standard.
So much so in fact that -- T in the US and apple changed the branding.
On the iPhone -- -- to indicate that it was Ford G even though it's using the older it just EPA standard.
Forgy and -- high speed data is so important to these users they're demanding downloading Citi streaming video they're downloading a lot of contents.
And it you know apple already owns the best screen it owns the best voice interface -- adding as as was mentioned.
Turn by turn navigation with the next version of -- violence -- six this phone really has to be the fastest iPhone ever and it has to be.
And LTE phones really start about clawing back some of that market share from android.
And -- I wanna come back to your outlook on on the stock price and that we get this off the top but I'm looking at the price today it's up another three and a half bucks 663 dollars and change.
Do you expect the stock split XPS strategy to continue to appease the shareholders.
You know it's not the price it's not the dollars right now -- -- -- twelve and a half times this year's earnings.
Ten and a half times next year's.
It's actually trading as a cheap stock especially one that has a twenty of thirty to 40%.
Growth rate so the forgetting about the dollar price it's just a cheap stock from a PE -- I understand what you're saying but you know there's a lot of concern that -- Tim Cook now -- Melissa alluded to this.
Apple TV you know what what that there isn't going to be -- next new great -- to keep this revenue trajectory going for -- medium term not short term but.
35 ten years out.
Well most people don't buy stocks at 305 or ten years -- what we've been long term holders in the stock and we've never we've never trimmed it.
Right now the path this pretty clear they they don't own the market they share the market with Samsung in the 400 dollar plus area.
But -- I -- sales are just 2% of the market.
So that they got a lot of room to go on ipads this -- emerging of some kind of bad vs PC.
So that they're they're in good shape at least the next couple years but still like any stock you watch -- data day and then -- make -- decisions right now we see a pretty coast is clear for the next two or three years.
All right.
Gentlemen aren't gonna more from our all star panel throughout the hour as new details emerge from -- --
