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Apple Inc. (AAPL)’s iWatch Will Be the Next Trigger. Expect Headwinds Till Then: Toni Sacconaghi

Apple Inc. (NASDAQ:AAPL) has a had a shaky run in the market in recent trading sessions as investors continue to weigh their options on the stock which they believe might have hit an all-time high. During an interview on CNBC, Bernstein Sr. analyst, Toni Sacconaghi, reiterated that iPhone 6 sales have had a lot to do, with the high valuation that Apple is enjoying at the moment.

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The worry at the moment according to the analyst is whether Apple Inc. (NASDAQ:AAPL) can be able to sustain the aggressive sales of iPhone 6 heading into 2015, to give the stock more juice to surge even higher. A shift of focus to other devices apart from iPhone 6 is highly needed in this case if the stock is to maintain a sustainable upward trend.

“We think the watch as it stands now what we know about it, is a modest contributor to revenue and profit perhaps 3%. I think there are question whether Apple might ultimately do something more in terms of a larger iPad or converged device, which we think could have a significant contribution potentially going forward, “said Mr. Sacconaghi.

Expansion into other markets with the new iPhone especially China is also expected to have an impact on Apple Inc. (NASDAQ:AAPL)’s total sales something that should have an impact on the stock price heading into 2015. Sacconaghi fears that an elongated refresh cycle for the high-end devices from consumers heading into the future could affect the Apple’s total sales

Steve Grasso believes investors should consider reducing their exposure on the stock until Apple releases iWatch.

 “You sell a third of it and even if it goes to $125 or high you start layering out of this until you find out if the iWatch is going to work or they have a new product or they have these conversion between the MacBook and the iPad or whatever is going to be. But until then, I think this stock has a lot of headwinds, “said Mr. Grasso

Pete Najarian on the other hand remains long on the stock maintaining it is relatively cheap at the current trading margins at the back of plenty of growth opportunities going forward.

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