“Having maintained an Overweight or Outperform rating on Apple shares since 2004 and now departing Piper Jaffray to co-found a venture capital firm, Munster issues a farewell briefing on the company with moderate tone,” Eric McCaffrey reports for Seeking Alpha.
“Spotlighting the company’s transition from PC to mobile, he considers not much to change for the company should similar successful evolution not take place regarding its services segment,” McCaffrey reports. “‘We don’t know what the right answer is, but feel confident the management team will figure out the best forward path to optimize the Services story,’ [Munster writes].”
McCaffrey reports, “Though a final note as member of Piper Jaffray, Munster’s new venture will continue to offer research on major technology companies and startups within its purview.”
Read more in the full article here.
MacDailyNews Take: Gene Munster is a top-notch Apple analyst. Good luck in your new endeavor, Gene!