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Still apple unveiling new laptops an operating systems for -- and mobile devices but it is and not for the tech trying to get its mode -- back -- investors.
Tom Forte senior research analyst at tells you guys -- It is here now you were here before the last time you said it ever almost totally overly optimistic -- -- stock -- pushing over 700.
Then -- became overly pessimistic and pushed it under 400 is it now fairly valued.
I still think that right now there's too much pessimism.
Says a big difference between then and now is a -- sixty billion dollar repurchase plan to step puts a floor under the stock.
Hopefully there's innovation to come new products this fall new products -- to doesn't fourteen -- -- the -- higher from here that so basically you're saying what they're announcing today.
Is not gonna do much for the -- We knew going into the developers conference that they were not likely to announce a new Smartphone or new tablet those of the two most important devices.
They previewed the next generation operating system for both desktop laptop and for mobile that's nice it's important.
But really what's gonna matter is the new Smartphone.
To new tablet and at some point maybe a new form factor who watch her television.
-- streaming subscription music thing doesn't do for you then.
Streaming subscription I think is now a must have so when Google announced they're doing it.
It became not a matter of whether or not apple do it but when they'll do -- so I still suspect -- that's going to come from apple.
It's instinct to me because so many of us and I say ask as I did this we turned our homes over to apple yes I am if I'm -- And I'm not leaving -- any time soon I mean bit bit changeover factor is very expensive for people so while we're all complaining that Apple's not pull in anything.
Fabulous actor you know -- bunny out of the -- -- -- not leaving right.
I think the frustration is that a lot of innovation.
Right now in the headlines is coming from Google -- coming from Samsung so -- they.
Apple user on loyal to apple I want something to get excited about.
I wanna go to go to my friends and say look at my new device in here -- the ten cool things it does to tell your Samsung Google device doesn't do.
So we're jealous basically what you're saying of everybody else and what and what's coming out that I don't have what the perception right now I think it's -- -- Samsung and Google's favor.
It's up to apple to bring it back to apple.
So -- have some breaking news on apple actually it is showing off a new iTunes I radio -- streaming service that has.
Stations so that.
They're talking about right now -- -- great -- no I think it's not a playing catch up so -- -- cut to Google they're offering of subscription service for music.
And I think got to be helpful for their ecosystem so let's talk about.
The stock now if I'm not in it to like get -- I think you get in it because again from -- product flow standpoint we don't know.
A lot of details other than this fall -- next year as far as the timing of the new devices.
I think where the stocks trading today low expectations are very very low that is sixty billion our repurchase plan to support the stock I think the downside and I was very minimal.
It's got beat up they've got beaten up lately tax hearings into the Samsung patent loss and of course the tech slowdown that we talked about the last time you are here has somewhat changed a little bit text picking up a little bit but.
They've all these factors against them is a new phone and a tablet going to be enough to send -- stock back on again.
I think it cancer again.
The buyback supports the stock but -- innovation that drives the stock higher.
I think those two items potentially new form factor -- watch television.
That ought to help to drive the stock higher even -- an apple TV how long now though her for a long time right but I think you have to look at the stock price and say.
All of the bad news and there has been a lot of bad news lately is baked into the shares.
Any positive news to -- -- That's fair enough -- -- apple watts yes but that.
Federal system that I commonly do everything I am I watched -- I don't know if I'm in love with where bulls has yet you description of you know connected devices is correct.
But I do you think that having more connected devices.
Is definitely a futuristic trend and -- -- apple participated multiple ways.
So this time next year whereas this this time next year it's 540 dollars which is a twelve month target.
-- down -- de fat we'll talk again thank you thank you thank.
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