Munster: Apple’s Upcoming Products Will Be the ‘Best in 25 Years’
When it comes to the hype building up around Apple’s (NASDAQ:AAPL) upcoming product launches, there is at least one analyst who believes that the Cupertino-based company will deliver on its promises. In a recent appearance on CNBC’s “Closing Bell” program, Piper Jaffray analyst Gene Munster said that he believes the bold declarations made by two prominent Apple executives about the strength of the company’s current product pipeline.
Munster was referring to a comment originally made by Apple senior vice president of Internet software and services Eddy Cue at Re/Code’s first annual Code Conference in May. “Later this year…we’ve got the best product pipeline that I’ve seen at Apple in my twenty-five years at Apple,” boasted Cue in a video of the conference provided by Re/Code. More recently, CEO Tim Cook said that he agreed with Cue’s statement during an appearance he made on “Closing Bell” earlier this week to discuss Apple’s new enterprise mobility partnership with IBM (NYSE:IBM).
While it’s no surprise that Apple executives would lavish praise on the company’s upcoming products, it should be noted that the twenty-five year time span cited by Cue and Cook would include such game-changing products as the iPod, the iPhone, and the iPad. In other words, the “best in 25 years” sets an incredibly high bar for Apple’s next generation of products. However, Munster doesn’t think the executives’ comments are mere hyperbole. “Based on what we have pieced together, I think it will [be the best product pipeline in 25 years],” said Munster via CNBC. “Tim Cook’s comments yesterday really are amping up those expectations about [what] Apple should deliver in the back half of the year.”