They speak on Bloomberg Television’s “Street Smart.”
Apple is down right now, but certainly not out… Growth investors see the growth slowing; they don’t want to be involved. They don’t think there’s a catalyst over the next two, three, four months. Value investors don;t see Apple tapping into it’s cash balance, so they’re staying away until they start to see that being distributed… What we see [are] the catalysts over the next two to three years, massive cash distribution… Apple TV, China Mobile [with] 710 million subscribers, and I think, a bifurcation of the iPhone market: an ultra high-end iPhone, iPhone that we see today, and then a lower-end iPhone.
Direct link to video here.
[Thanks to MacDailyNews Reader "Dan K." for the heads up.]