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Brian White, Topeka senior analyst, on his predictions for Apple stock post iPhone 5 release.
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I see Dennis -- let -- iPhone 5 will be available to Biden shall we already know that happen.
-- -- pre order sales already pushing apple shares -- also 700 dollar mark.
My next guest thinks the stock could top 11100 dollars in the next -- why not Brian white senior analyst at Topeka capital markets joins me now Brian.
Via apple for -- sold what four million on its first weekend yes I mean what do you expect for the iPhone 5.
You know it's -- depends on how many they can make but we're talking about five to five point five million over the first step three day period up starting -- -- tomorrow.
And I think that's a conservative number so it's really to come down to do they have the supply to meet the demand that's out there.
As for the stock price dipping just slightly below 700 bucks now but you think 11100 dollars is reasonable how long does it take to get them.
But within the next year so you know this did this is stock that trades it you know right now eleven times earnings -- cash we put a multiple of nineteen times plus -- 120.
-- dollars per share in cash is the big -- of the future obviously it's very dominant here in the US is very popular we all know that but.
What about Asia what about China is that the next big not to crack so to speak to -- point you know China is a huge opportunity for for apple this is gonna be the biggest mobile Internet the world they have over a billion mobile subscribers.
Just under 200000003 G subscribers Apple's second biggest Smartphone player.
They invested a lot of resources about 1520% of the revenue.
It's gonna launch tomorrow in Hong Kong buffets what I iPhone 5 last year was phase three clown so they pulled it -- Hong Kong will get the buzz going over in China.
And because this iPhone is thinner lighter and looks different I think in China it's gonna be home -- a big upgrade for -- and you point out that this Syria will now speak Mandarin it was Anthony's.
So clearly.
Marketing for Asia exactly and rob how does it stack up against the galaxy S three only announced this because I -- -- an -- Fannie love the apple platform you don't care about the -- but there are many people who do.
Commercials out now saying -- we've had all of these features that on -- -- before.
Problem is -- a serious threat to apple the the the -- system that's good question -- the iPhone 5 is a luxury.
-- -- when you feel it a play with that as we did last week.
It really makes the Samsung galaxy S really feel like cheap toys really that right and it's about fifteen to 20% thinner.
Fifteen to 20% lighter.
And it has a beautiful.
Standardized aluminum unibody -- which is very different from cents.
Very good well let go whether they go from here is two thirds of the profits come from my -- how do you improve on this what -- whether they go next.
Well the market share in mobile phone market is only about 6% so there's still -- huge opportunity right consumers moved from mobile phones -- Smartphones.
Huge opportunity for growth there.
On secondary PC is only 5% market share so big opportunity there.
And then -- new markets -- opening up iPad is only couple years old you know apple TV is a brand new market that could be for them 200 billion dollars.
Juggernaut just -- -- Brian Mike thank you so much for being here thanks appreciate it.
