An Apple Watch defect not a big deal: Analyst

The reported defect in an Apple Watch component will not be a big deal for the tech giant, because Apple has always been good at working through any issues that have arisen with its products, analyst Ivan Feinseth said Thursday.

Shares of Apple were down Thursday after The Wall Street Journal reported Wednesday that Apple Watch production was disrupted by a defect with the device's taptic engines.

"Apple always has produced a phenomenal product. They are driven to produce a high-quality product, so I think they will iron out all these issues and bring a quality product to market," said Feinseth, chief investment officer with Tigress Asset Management.

Apple Watch
Adam Jeffery | CNBC
Apple Watch

Apple stock is up more than 13 percent year to date. However, it is down about 3 percent in the last five days of trading, despite reporting a blockbuster quarter on Tuesday.

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Feinseth noted that Apple usually sells off after earnings, and could always opt to increase the amount of cash it returns to shareholders if the stock were to pull back even more.

As for the reported defect's not being mentioned on the earnings call, Feinseth said he was unconcerned. The Cupertino, California-based company may not have known about the defect at the time, he said, plus it is very "customer friendly."

Meanwhile, Apple warned on Wednesday that a probe by the European Commission into its tax arrangement with Ireland could have a "material" impact if the investigation determined Dublin's tax policies represented unfair state aid.

Read More Apple warns of 'material' financial damage from European tax probe

The EU last June began a formal investigation into Ireland's allegedly illegal state aid to Apple. If the outcome is against Ireland, Apple said it could be required to pay taxes for up to 10 years.

Feinseth said that even if Apple had to pay additional taxes, the company could "offset that with a reduction in tax liability in the U.S. So there would be some cushion to it and they have plenty of cash to pay almost any type of tax penalty."

—Reuters contributed to this report.

Disclosure: Tigress Asset Management owns shares of AAPL on behalf of clients it manages.

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