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Apple Watch and Apple Pay All That Apple Inc. (AAPL) Needs To Soar Even Further: Bradley Gastwirth

iPhone 6 and iPhone 6 Plus remain the key talking point with regards to Apple Inc. (NASDAQ:AAPL) stock, having allowed the company to post record revenues in the fourth quarter. ABR Investment Strategy, Bradley Gastwirth, on the other hand, believes investors are not giving Apple Watch and Apple Pay the consideration they deserve. During an interview on CNBC, Gastwirth reiterated that Apple Pay and Apple Watch could act as a key driver for the stock in addition to impressive iPhone sales.

Apple Store on 5th Avenue, New York City. Designed by San Francisco based design firm Eight Inc.

A number of analysts have aired their skepticism on whether Apple will hit it big with Apple Watch considering the Cupertino-based company is entering a space already filled with products on the same niche.

“[…] Apple Pay can be very significant to profits; now the thing, which I think in the near term with the Apple Watch launch that is going to happen in the next few months. I think there is going to be a lot of critics and I think it is quite successful for them to have a successful launch but for the driver everyone is going to be focused on the iPhone along with Apple Pay,” said Mr. Gastwirth.

Apple has also announced plans to invest up to $850 million in a new 1,300 acre solar farm which Gastwirth maintains makes a lot of senses as it is going to produce enough energy for its entire new campus. Apple Inc. (NASDAQ:AAPL) has been pushing for the use of renewable energy seen by most of its data centers running on solar power.

There has also been talk that Apple Inc. (NASDAQ:AAPL) is looking to tap into the driverless car space with minivans fitted with cameras spotted in California.  Gastwirth maintains that iPhone business remains core regardless of what the company taps into going forward.

“I think the conversation will be around iPhone. I think two years from now you are going to have investors and analysts look at the stock and look at the company and say are iPhones either continue to carry such a high ASP and people will be extremely impressed. If that is the case the stock will significantly be higher over the next 24 months,” said Mr. Gastwirth

It could be a different story altogether according to the analyst if Apple Inc. (NASDAQ:AAPL) is to be hit hard by the imminent competition from the likes of Xiaomi as iPhone sales account for a huge portion of the total revenues.

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