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

White also discussed the prospects of Corning Incorporated (NYSE:GLW), a company that is suspected to provide Apple Inc. (NASDAQ:AAPL) with its Gorilla Glass 3 material.

Here’s what he had to say:

“Corning will probably be the most ubiquitous supplier at this trade show [CES]. So, when we look at our television, our notebook, our smart phone, our tablet, there’s two pieces of glass, and Corning has about 50% market share […] some of these products have a third layer of glass, called cover glass, that’s Corning’s Gorilla Glass. So, if you look at the iPad, the iPhone, any of the tablets, smartphones, most of that is Gorilla Glass to keep it from breaking.”

On the company’s investment prospects, we discussed the stock in depth last month, and here’s our synopsis of its valuation:

“Corning appears to be best-in-show. The glass technology company offers investors the top dividend of its closest competitors with a 2.7% yield, while also giving the best ‘growth at a reasonable price’ opportunity, trading at a 0.8 PEG. Corning also trades at 9x forward earnings and only 7x cash flow. We like the company’s profitability and balance sheet, and it has one of its industry’s highest gross profit margins (55%).”

Let us know your thoughts on Corning and Apple Inc. (NASDAQ:AAPL) in the comments section below, and for more related coverage, continue reading here:

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