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Jon on CNBC Discussing iPhone 5 Predictions

2012-09-17
check out years of apple here up better than sixty percent year-to-date of course we're all focusing on tomorrow's big event when the technology giant is expected to unveil the much-anticipated iphone 5 yeah and that's expected to bolster Apple stock and sales some even saying that it could boost gdp I mean I've seen that estimate out there the Apple economy I guess it is but now some are saying though this could signal a top for Apple mobile slates eric chan is in that camp but technical buff technobuffalo jon rettinger says there's more room to grow John I mean you think the juggernaut can continue yes absolutely i can continue you only have to look outside of us shores to see why the iphone 5 supposedly going to support china mobile's proprietary 3g network with subscriber base of over six hundred and seventy million have you taken consideration Apple makes more per phone than any other device that alone should be reason enough to be very very excited about Apple stock in the future so Eric you're bearish on the stock right in fact you don't think Apple can keep growing at this pace you're on the other side of that tree absolutely not Maria when you look at the company two-thirds of revenue is coming from iphone sales given that several analysts have said that the smartphone market is already saturated it's competing with the sea of Android companies such as Samsung in a market where you've only seen six percent growth and smartphone sales this year well I mean you know it isn't it true they've got a pipeline of products I mean whether it be new iPad new tablets new mobile phones so wanting that be enough to generate growth I see it possibly generating some growth but when a product one product is so dominant like the iphone for Apple you've got to be concerned that the other products have to come up and really start showing the same type of growth that the iphone House John do you think that's valid no I don't the smartphone market is very much what have you done for me lately according to Berens android owners are very fickle thirty-four percent are undecided whether or not to buy another and vice with their next phone and seventeen percent are saying they're going to look to buy an iphone with their next device and if you go outside long enough and you say it's going to rain eventually it's going to rain but I would not bring your umbrella prepared for a time that comes out yes both of you then John is their level of which you would sell apple or do you just keep going and eric is there a level below that goes down low enough you'd start to buy it here John you first sure so certainly apples had tremendous growth year-over-year I say ride this train out Apple has a proven track record of winning devices they've sold more iphones year after year every previous iteration now would not be a time to sell i would look to see two or three generations down the road and see what i was doing about two thousand percent so I'm pretty I'm pretty cautious because if you look at the overall market share of what's going on with the smartphone market Samsung has definitely been dominant compared to the rate of growth of but as that level of which Apple would go down to the you'd start to buy the stock again I'd love a stock split but you know I I think that I think that it will get it that's I think in it we might we might get it and we put it in the doubt p running late gentleman thank you both thank you very much that'll make you promise tomorrow of course they get that mini ipad 2 outs of an inch ipad least they said they'd never make
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