Here's How The Class-Action Lawsuit Against Apple Will Impact The Stock

A decade old lawsuit against Apple Inc. AAPL has just gone for trial at a court in California and the whole Street is speculating how it’s going to impact the company in the long-run and what consequences it’ll have on the company’s stock?

Alex Gauna from JMP Securities was recently on CNBC to answer those questions and the sales outlook for the company this Holiday season.

“It’s exceptionally difficult to opine on how a trial like this will turn out. It’s very clear to JMP Securities that Apple is an innovative company, arguably the most innovative electronics company in the world,” Gauna said.

“I personally believe that the company back in time was just pushing the technology forward as fast as it could to deliver better, in fact brilliant products to its consumers. I would expect this trial to take some time, but what’s really important is that we are going to have, I think, a blockbuster holiday season for Apple, not just in North America, but around the world.”

When asked whether this quarter is going to be exceptionally strong for Apple, fuelled by the iPhone, Gauna replied, “What appears to be on the table is a resurgence in share gains for Apple. In some of our store checks, we are seeing stocks out for the iPad minis and iPad 2 airs, we are seeing exceptionally strong demand for both the iPhone 6 and the iPhone 6 Plus that remains in short supply and we haven’t even moved into the Chinese Lunar New Year selling season abroad. So, I do believe, it’s going to be a very strong holiday sale cycle for Apple.”