According to recent estimates Apple has about 700,000 apps. And although Android has about the same number, "The Apple eco-system has proven time and again to be the most monetizable eco-system– that bodes well for them (as apps take off)," said Reitzes
However, the analyst concedes that rivals such as Samsung have gotten very aggressive. If Apple wants to dominate, he says 'they have to get on it.'
Reitzes currently has a $740 price target on Apple. And although Reitzes reduced his price target earlier in the week, his outlook remains relatively bullish and he's reiterated his 'Overweight' rating.
"I'd stick with Apple down here," he said.
Read More: Apple Bull Munster Shaves Price Target
Traderdisclosure: On January 11, 2013, the following stocks and commodities mentionedor intended to be mentioned on CNBC's "Fast Money" were owned by the"Fast Money" traders; Jon Najarian is long RIMM CALLS; Jon Najarianis long call spreads in DNB; Jon Najarian is long call spreads in LVS; JonNajarian is short HLF 40 straddles; Stephen Weiss is long M; Stephen Weiss islong BAC; Stephen Weiss is long JPM; Stephen Weiss is long C; Stephen Weiss islong FB; Stephen Weiss is long TBF; Joe Terranova is long VRTS; Joe Terranovais long XOM; Joe Terranova is long AAPL; Joe Terranova is long SWN; JoeTerranova is long GS; Joe Terranova is long MS; Joe Terranova is long DELL; JoeTerranova is long GLW
For Ben Reitzes
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