There’s no doubt that the story of the day will be Apple’s blowout earnings (shocking analysts of course!). But not everyone is an Apple fanboy. Gregg Abella, a portfolio manager at Investment Partners Asset Management says the shares are at a “peak of expectations” and “priced for perfection”. He believes Apple’s competitors are beginning to strike back and that the Apple fad could be coming to an end.
On the other end of the spectrum is Gene Munster, an analyst at Piper Jaffray. He’s been a long time Apple bull and sees no real risks to the company’s growth. He thinks the iPhone 5 will be another monster product and that it’s very difficult to make a bear case for the shares.