“Noted AAPL bull Gene Munster has softened his outlook for the company through the first half of 2013, though he expects that Apple will rebound and return to growth to close out the year,” Neil Hughes reports for AppleInsider.
“The Piper Jaffray analyst issued a note to investors on Tuesday in which he reiterated his overweight rating and $767 price target, but said he expects Apple to see earnings dip 14 percent in the first half of 2013.,” Hughes reports. “For the back half of the year, he expects Apple to have several new product launches in the works. He believes those announcements will reaccelerate earnings growth to a positive 15 percent.”
Hughes reports, “He also believes that Apple will announce a television set in the December quarter this year, and will also introduce a smart watch at some point in the future.”
Read more in the full article here.
MacDailyNews Take: Ah, Apple’s television set. Will this be the year Gene’s finally right?