A lot of room to grow, says one. The beginning of the end, says the other.
Few analysts have championed Apple (AAPL) as long or as loyally as Piper Jaffray's Gene Munster, who stuck his neck way out ahead of the pack with his early iPhone sales predictions.
Few analysts are more deeply reviled by Apple investors than JMP Securities' Alex Gauna, who has made quite a name for himself as an Apple naysayer. (See The day Apple landed in Gauna.)
We've met Munster several times over the years. He's a nice guy who usually returns our e-mails and phone calls. Gauna is a bit of a mystery. He doesn't answer our e-mails. Until Thursday, we'd never laid eyes on him.
So were were curious to see what would happen when the two appeared face to face on CNBC's The Call to talk about Apple's future in the post-Steve Jobs era.
They did not disappoint. Munster remains bullish and thinks Apple's products have plenty of room for growth. Gauna is skeptical. "This is the beginning of the end," he told viewers, adding that investors who are long the stock should look to diversify.
We've pasted the clip -- which begins with a two-minute stand-up from our former colleague Jon Fortt -- below the fold, along with a cleaned-up transcript of Munster and Gauna's exchange.
"The hobby is a hit!" declares one analyst, but a head-to-head review gives the nod to Roku
"Apple TV is selling out across the nation," screams the headline of an unusually enthusiastic note to clients issued Wednesday by JMP Securities' Alex Gauna.
"We were not particularly surprised when we couldn't get our hands on the Apple TV over this past introductory weekend in San Francisco," he writes, "but when the scarcity persisted MOREPhilip Elmer-DeWitt - Oct 6, 2010 10:57 AM ET
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