Piper Jaffray Analyst Gene Munster Thinks Apple, Inc. Growth is Sustainable
Apple Inc.'s third-quarter was up 78% ($3.51 a share). Apple's iPhone is facing growing compeition from Android phones. The company's recently launched iPad is also expected to face growing competition from a number of different tables that rival tech firms will launch in time for the holiday shopping season. Despite this Piper Jaffray analyst Gene Munster sill expects Apple's growth to be sustainable. Gene Munster says they estimate Apple will do $75 billion in revenue next year. He thinks there is a lot of room for Apple to grow still in the phone and computer markets. You can watch Bloomberg's video interview with Gene Munster here.
