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Top Tech Analyst Shares His Thoughts on Apple Inc. (AAPL) Growth, Next iPhone

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Last week, we discussed Apple Inc. (NASDAQ:AAPL)‘s prospects in the eyes of Brian White, an analyst at Topeka Capital Markets. White currently holds a $1,111 price target on Apple, which is more than 50% higher than Wall Street’s average target of $740.

Apple Inc. (NASDAQ:AAPL)

This morning, White was on CNBC‘s “Squawk Box” segment, discussing exactly why he’s so bullish on the tech giant. Here are the Apple Inc. (NASDAQ:AAPL) highlights:

“We still like Apple […] last night, the CEA had kind of a preview of what they think about for the new year in terms of growth […] Last year, they had forecasted growth of 4% in consumer electronics; it actually turned out to be down one (percent). For the coming year, they expect 4% growth […] really the two areas of growth are going to be tablets – 25% growth – and smartphones – 22%.”

White says that this “plays very well into Apple’s portfolio,” adding that “iPad Mini is a home run over in China.”

Additionally, White discussed “something smaller in the iPhone,” mentioning that:

“I think, you know, maybe it won’t be an iPhone Mini right out of the bat, but I think different form factor of iPhone we’ll see sometime in June […] I think you’ll see a smaller, and a bigger; so you might see a premium iPhone, and a cheaper iPhone. One of the thing you’ll see at CES this week, are as what we call, the embarrassing large smartphones […] I’m seeing this trend in Asia and I think that’s something Apple has to address.”

In addition to talking about the potential for multiple sizing options for Apple Inc. (NASDAQ:AAPL)’s next iPhone, White mentioned one other tech play.

Continue reading to see what it is..

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