As analysts continue to reduce their price targets for Apple, company executives seem to be “very optimistic” about the product pipeline and market position. In a meeting with Apple CFO, Peter Oppenheimer and SVP of Worldwide Marketing, Phil Schiller, Barclay Capital’s Ben A. Reitzes discussed a number of topics including potential uses for the company’s cash as well as future prospects for the iPhone and iPad. Unsurprisingly, the officials didn’t hint towards Apple’s direction in the future but they did express certain confidence about where the Cupertino California company is positioned. The officials had the following to say about the matter:
We believe there is an undying dedication at Apple to innovate — and its leadership is working hard to prove bears wrong. We believe the company has a strong product pipeline ramping in (the second half of calendar 2013) — with new platform innovations as well, in our opinion.
Apple and Samsung margins are peaking and growth is going to be driven by the margin-dilutive mid-to-low-end segment in the next 24 months. In our opinion, this will translate into poorer industry fundamentals.
Source: Fortune via AppleInsider