Gene Munster, Senior Research Analyst at Piper Jaffray, says there are five things to watch with Apple in 2014.
As Apple shares trade near their 52-week highs, what can consumers – and investors – expect from the tech giant in the coming year?
Gene Munster, Senior Research Analyst at Piper Jaffray, is one of the top analysts covering Apple. He says there are five things to watch in 2014 with the company.
1. iPhone sales can grow 10% year-over-year, in line with high-end smartphones in 2014.
Munster says the high-end smartphone market is expected to grow at a rate of 10% next year. He believes Apple's sales will grow at that same rate. "What that means is Apple doesn't need to gain share to hit iPhone numbers," says Munster to Talking Numbers. "iPhone is just over half of Apple's overall revenue. And, that's the critical number that investors look at. That's an encouraging sign that, essentially, the Street numbers look like they're very achievable for 2014 on the iPhone."
2. iPhoneRead More »from Munster: Five things to expect from Apple in 2014