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Highlights From Piper Jaffray Analyst Gene Munster Interview On CNBC Regarding Apple

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Piper Jaffray analyst Gene Munster was recently on CNBC discussing Apple Inc. (NASDAQ: AAPL).

The highlights from the interview include the following:

  • iPhone demand is outpacing supply; many stores run out of supply by the end of the day, which can cause people who want an iPhone to wait. This could drive demand through the March quarter.
  • Apple watch expectations, meanwhile, are relatively low. They will likely get "hyped up" as launch nears closer.
  • Munster expects 2016 to be an "up" earnings year. Rolling multiples forward, a price target of $150 on Apple is not unrealistic, he said.
  • He also believes Apple has not intentionally restricted iPhone supply; demand is simply outpacing supply.
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