Highlights From Gene Munster's Thoughts On Apple Following Earnings

Notable tech analyst and top source for everything Apple Inc. (NASDAQ: AAPL), Gene Munster of Piper Jaffray, appeared on Benzinga's PreMarket Prep morning show Wednesday.

The appearance and comments followed Apple's big earnings and top-line beat Tuesday afternoon. The stock traded over the $104 level shortly after Wednesday's open, up about 6 percent for the session.

Below are all the highlights from Munster's interview on PreMarket Prep. The comments first appeared on Benzinga's Pro platform, a newswire for content aggregation and breaking exclusive commentary.

• Piper Jaffray's Gene Munster on Apple Following Earnings: Qtr. 'Really Symbolized That the Core Business Stabilized'
• Piper's Munster on Apple: Qtr. Showed 'iPhone Franchise is In Tact,' Says 'We Can Be More Optimistic' Co. Will Return to Growth
• Piper's Munster Highlighting Disappointing Parts of Apple's Qtr.: the Watch and the Mac Business, Says 'China Was as Bad as Expected'
• Piper's Munster on Apple: Noting a 'Massive Slowdown' in China, Highlights Tough Comps in China
• Piper's Munster on Watch: Looking Forward to '...Still One More Feature [Co.] Wants to Play Out: the Decoupling from the iPhone,' Says Success of Watch Will Be Tied to Effective Decoupling
• Piper's Munster Believes Watch Can Play Into Augmented Reality Developments
• Piper's Munster Says Investors Are Talking About Apple Mgmt Doing More with Balance Sheet, on Buybacks and Dividends
• Piper's Munster Highlighting Investors Want Apple to Buy Netflix as a Content Play
• Piper's Munster Noting Apple's Automotive Section Has Now More Than 1,000 Employees on Project Titan
• Piper's Munster Says 'the People Who Have Done the Best' on Apple's Car Effort See Current Initiative as Developing a Prototype, Could Get Close to Release by 2020, However That Could Be Optimistic
• Piper's Munster Highlights Tim Cook, on Last Night's Earnings Call, Was Surprisingly Open About Details on Co.'s Efforts Into Augmented Reality, Sees AR as Having Many More Applications Than Phones
• Piper's Munster Believes Apple's Efforts Toward Augmented Reality 'Should Give Investors Confidence' They Are Using Cash Appropriately