Top Apple Analyst Gene Munster Will Be On Benzinga's PreMarket Prep Tomorrow

Piper Jaffray's Gene Munster, one of the Street's most respected analysts who covers Apple Inc. (NASDAQ: AAPL), will be a guest on Benzinga's PreMarket Prep Tuesday to talk about the company's earnings.

Munster most recently conducted a smartphone survey that found 74 percent of teens own an iPhone, up from 69 percent in the previous survey conducted spring of 2016.

The analyst's survey also found that 79 percent of teens plan on buying an iPhone at their next hardware upgrade, up from 75 percent in the spring.

"While we don't view the iPhone 7 as significant as an upgrade as the iPhone 6, we believe this is a positive data point on how consumers are viewing the new device," Munster explained.

Separately, Munster told CNBC on Tuesday that a rumored new Mac announcement should prove to be a positive for Apple's December ending quarter.

Q3 Commentary

Munster was also a guest on Benzinga's daily talk show back in July after Apple reported its fiscal third-quarter results.

Related Link: Highlights From Gene Munster's Thoughts On Apple Following Earnings

At that time, the analyst told Benzinga's listeners Apple's strong report should reassure investors and restore faith in the stock, especially after a concerning trend of sub-par results in prior quarters.

"I think it really symbolizes that the core business is stabilized. It's been a disappointment over the last three quarters," Munster said, noting the Street's numbers are essentially going to be unchanged after from this report. "One thing we like is that the iPhone franchise is intact, and more importantly that it sets up and gives investors a chance to think a little bit more about the future in terms of how the iPhone 7 will play out, and potentially how the iPhone 8 in 2017 is going to be."

You can listen to the interview Wednesday morning at 8:15 a.m. EST at premarket.benzinga.com or on Benzinga's Youtube live page.

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