Gene Munster, managing director and senior research analyst at Piper Jaffray, continued to show great faith in Apple. In a recent interview with CNBC – Squawk on the Street, Munster still maintains his $900 price tag on Apple’s stock and is very confident of a full fledge TV.
When asked about his price target given the vast decline in Apple’s stock price at the moment, here is what he had to say:
Here is Munster take on Apple TV:
..The content side is not a critical part in our opinion that seems to be where a lot of the Street is focused on. We think the content and the hope of unbundle channel is but we do think that just fixing the basic user interface is going to enough for Apple to be – have a successful television.