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White: Apple's Stock Drop a Gift Ahead of Holidays

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  • Description

    Brian White of Topeka Capital Markets weighs in on Apple's stock slide.

  • Duration 3:37
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This transcript is automatically generated

It's still apple shares down for the fourth straight day hovering near 630.

Dollars but my next guest things that apple.

-- still top 1000 dollars next year wow.

And with reports of the many iPad coming soon will that be enough to turn the stock's current turning over the phone right now from China is Brian white.

Of Topeka capital markets and Brian.

I and you went all the way over -- -- -- around and trying to figure out what apple has up its leave what you figured out.

In -- -- -- -- we go every quarter to China we visit a lot of different companies.

And reduce wanna get a feel for you know what's happening in the tech world changes demands -- audit.

You know I think what words were seeing here around apple.

Is continued flight considering.

Around the new -- own -- And also around the soon to be launched I had many so.

-- these are new products.

Yeah -- products -- yield issues at first.

Why think that the stock has gotten crushed I mean that is really the thing that people are trying to put their finger on around here -- down better than 10% in correction territory.

From that September 19.

All time high and it's hard to really say it's any one thing -- you think is driving it.

-- it -- -- that number one were in this pre earnings selloff period earnings in general are not going to be great.

People -- let investors know what they're selling ahead of all stocks.

And a probably skip a mob midway through earnings season that's one -- if it -- on that.

Second thing is there's been a lot of concern around committees but supply constraint.

We've talked -- over the past week probably -- a what some -- constraints known around the iPhone -- and also I think the hunt apply -- Right.

Have really rattled some people it finally have to say -- had a huge -- Since July.

And it deductibles some profit taking Friday it.

So how do you feel about all those things I mean you're somebody who has been one of those huge balls on apple for a long time.

And you've been right but now with this pull back are you getting nervous.

Well and you know so.

People have got to realize this is not fundamental right and this is when you buy it you know I called it the gift ahead of the holidays.

You take a -- you buy it here did great great buying opportunity.

Because what the stock turns over.

Then their stories made up of white throw it over -- -- -- story they're not true.

What think would be the catalyst to make it go higher mean there's a lot of people worried that maybe they just don't have the pipeline anymore anywhere over the iPhone 5 we're hearing about this many had.

But you've got Tim Cook at the Helms you don't have Steve Jobs any longer.

I mean what makes you think that it's still going to be the same stock that it was before.

Don't iPhone 5 -- remember -- -- -- 31 countries and we can't even meet demand we need a hundred by the entity or that the target.

So we just started on right.

Number two -- many opens up a whole new categories -- much cheaper.

And multiply I think be bigger than the -- you're gonna have the iPad still big but the -- many going to be bigger.

We've when we look at apple TV that's something over the next year.

And they nobody don't work with the biggest carrier in the rural China Mobile that that debit -- million.

There is so much to look forward to end and on top of all this there their mobile phone sure it only 6% there PC market jurors only -- Okay Brian thanks a compelling argument we'll have to watch and see you thanks for coming on --

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