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Munster Says Street Expectations for Apple Are Too Low (AAPL)

October 20, 2008 5:44 PM EDT
Get Alerts AAPL Hot Sheet
Price: $304.91 -1.09%

Rating Summary:
    44 Buy, 29 Hold, 9 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 23 | New: 12
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Appearing on CNBC's Fast Money, Piper Jaffray's Gene Munster believes that Apple (Nasdaq: AAPL) will report strong Q4 earnings tomorrow after the close. Munster, who has consistently been extremely bullish on shares of Apple, feels that expectations are just too low for the tech bellweather.

After unusually volatile trading, Apple closed today's trading session up about 1% to $98.44.

Apple, Inc. designs, manufactures, and sells personal computers, portable digital music players, and mobile communication devices, as well as related software, services, peripherals, and networking solutions worldwide.

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