Apple Inc. (NASDAQ:AAPL) has been struggling since its all-time high back in September, but three well-known Apple bulls say it’s going to turn around.
AppleInsider reports that analyst Gene Munster, TUAW editor-in-chief Victor Agreda and tech blogger MG Siegler all appeared on a panel together, and the three of them echoed positive tidings for shares of Apple Inc. (NASDAQ:AAPL).
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“I’d say it’s mostly a media-driven anomaly right now,” Siegler said.
Munster agreed with him, although he added that one of the issues Apple Inc. (NASDAQ:AAPL) is dealing with is a lull in its product releases. He said they had “an abnormally large amount” of new products that came out toward the end of last year.
According to Munster, when you combine that with the shakeup in executives that’s been happening, it adds up to some simple changes in the way the company releases its products. He said once those changes are smoothed over, the stock will correct itself.
All three of them agreed that the low-cost iPhone is a product Apple Inc. (NASDAQ:AAPL) can’t afford to skip if it’s going to continue growing.
Munster also addressed the iTV, which has long been rumored to be in the company’s future, although some have begun to see it as a myth. He said between the comments executives have made and his review with various sources, he’s certain that Apple Inc. (NASDAQ:AAPL) is working on an iTV. He believes the only question right now is when it will be ready for release. Munster’s best guess was “six months after the App Store comes to Apple TV” or possibly later this year.
Shares of Apple Inc. (NASDAQ:AAPL) are up more than 1 percent in Monday morning trades.