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Or that at may make use some money but what apple stopped Brian white.
He continues it thinks so is -- of the street's biggest apple woolsey's joins me -- and buy your course tech analyst at big capital.
I -- -- the price target it's 8088 in 1000 right but is still in 88 that's something jumper right now from where apple is setting yeah that's -- -- that victory.
-- you're right it's a big job and you know when he take a look at the market we used to market PE and we added back that net cash per share on our calendar fourteen numbers and you know apple grows a lot faster than the market historically -- over 80% a year markets -- 6% -- -- please -- Skin -- reasons I mean I understand where you're saying there obviously there was a big selloff in the stock is down 24% over the last year.
But with 35% appetizers -- if so on the second series saying hey this is a stock which should own.
Get into the more -- at the same time though that growth that we're looking for this got to be a new product cycle coming you must be seeing that that's got to be your predictions here.
You're exactly right so I think there is the three -- this -- sustaining this is stock recovery number one is cash distribution.
Bring value investors back into the stock.
Number two is watching the profit cycle bottom which I think bullet current march quarter a year of your growth and profits.
And number three to your point is open up new market opportunities.
-- and I think they'll do that with a lower price stifled this summer.
A pay a lower -- iPhone what do you thank you think iPhone 5 is gonna have a lower version and a bit more what are you.
Isn't as scary as you -- so -- Our research tells us that there will be something this summer.
The that is brand new it's going to be a plastic case it's gonna come in colors who I think price -- to 5300.
OK -- -- certainly -- we aware of the criticisms of apple has been aware of these new products gonna come from Munich kinda saturated the market.
People are walking around with an iPad and iPhone and in many iPad and and on and on all right -- desktop at home so -- in the we're gonna compete let's talk about Samsung and it elephant -- and many say Blackberry tomorrow.
Fair enough but the Samsung a lot of those galaxies really picking up market share from apple you know -- about worried about -- Interest and their seems to be so much attention the Samsung and all this talk numbers here.
If you look mobile phone.
Units your beer apple grew 29% in the fourth quarter.
Samsung -- twelve.
There's a big misperception that -- is doing so much better and end Smartphones.
And what they're doing -- they're moving their feature phone business to Smartphone.
And then it makes their Smartphone world -- much higher but the way to get rid of the skewing.
Is to look at mobile phone and apple outgrew Samsung but almost threefold.
Okay now but where is -- the Blackberry ten tomorrow a threat at all in your opinion.
-- not a threat at all I think it's a worthy effort it will keep them in the game probably more attractive right and you can also really -- -- -- all the -- for iPhone drop.
Protection so if you dropped the phone.
Admit it prevents it from shattering dream which is one of the big complaints from users of iphones is -- it's easy to break especially the screen.
Is this a game changer for apple -- -- after this stock -- are in nearby rating on the -- it's another feature so I think all these new phones need some type of gimmick or or useful feature and I think that's useful feature.
-- -- -- -- -- -- -- -- Before -- let -- go.
Overall he's saying 88 -- did come back from that thousand dollar price target when you -- reevaluate your -- waiting waiting and reevaluate your target price so I think in the near term let's just be clear there is some softness out there attack.
With apple with tech and general.
Bomb but I think as we get through this softness -- move teach your beard growth in profits in new markets opened up I think the stock will really start to take off -- trading at about six times -- -- if it is -- a global market story as well and another trying to penetrated emerging markets as well but again this is a little bit of a difficult thing to swallow.
Frankly -- for many -- A lower priced iPhone will really help you out that in China it is so it'll be clear Apple's global market your mobile phone is.
Very small OK if you think that there is some single him up -- -- Japan and I wonder because they did very poorly done for the Samsung as well yes that's a very technologically advanced consumer.
You're exactly -- love apple.
Simpson does well China loves apple -- and as well you know those are the really the two guys that I see out there over the next three to 5 years since I am okay.
We're Watson that's not it really is a fascinating story brick and that would have to have you back and see when -- when they hit eight hits in me that probably that Elvis is shared be nice to say I hope it is all right Brian white tech analysts of course.
To -- -- capital markets.
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