Analyst: Apple Will Make Wearable Tech ‘Cool’ in 2014
Cantor Fitzgerald analyst Brian White recently spoke with Tom Keene and Erik Schatzker on Bloomberg Radio’s “Bloomberg Surveillance” program to explain why he believes Apple (NASDAQ:AAPL) will introduce an iWatch in 2014. White recently wrote a bullish research note on Apple that called the Cupertino-based company “our top large-cap pick in our coverage universe for 2014.”
“We recently went to Asia and I think there’s a lot of exciting innovations that we’re going to see in calendar 2014,” stated White. “You’re going to have EPS return to growth.” The Cantor Fitzgerald analyst noted that 2013 was the first year in a decade that Apple’s EPS growth declined.
Some of the innovations that White believes will fuel this growth include a new wearable tech category and an expansion in the iPhone product line. “You’re going to see them [Apple] enter a new product category with the iWatch,” White told Bloomberg Radio. “You’re going to see some innovations in the iPhone — possibly up to three different sizes.”
White also observed that Apple’s entry into the wearable tech market will be markedly different from other companies’ attempts to break into this increasingly important market. The analyst agreed with the program host that “Samsung’s (SSNLF.PK) Galaxy Gear was a bust.”