Investment firm Piper Jaffray continues to believe that virtual reality and augmented reality will play a huge part in Apple’s future, but the transition toward such technology will be gradual, likely leveraging the popularity of the iPhone in the shorter term.
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Explaining Tuesday’s earnings call, Piper Jaffray analyst Gene Munster said Apple’s repeated allusions to macroeconomic headwinds might have “spooked” investors despite a better than expected guide on iPhone, but the analyst sees light at the end of the tunnel.
Fresh data from investment firm Piper Jaffray shows Apple Pay adoption hovering between 10 and 20 percent, but analyst Gene Munster expects numbers to rise in 2016 as Apple integrates attractive new features like peer-to-peer payments and in-browser integration.
Investment firm Piper Jaffray doesn’t expect a mythical “Apple Car” to be on the roads anytime soon, but the firm did advise its clients this week that the rumored project will affect shares of AAPL as investor expectations adjust.
