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Top-Ranked IT Analyst: Apple to Introduce “Significant New Products”

Monday, 3 Jun 2013 | 5:13 PM ET

It's been a tough year for Apple. The stock is down 18% for the year and today it heads to court to defend charges of conspiring with publishers raise prices on e-books.

But, Apple may not be falling much longer. So says Toni Sacconaghi, Senior Analyst at Sanford C. Bernstein, Institutional Investor Magazine's #1-ranked IT Hardware analyst for the past 11 years. One of the most followed Apple analysts around, Sacconaghi believes the tech giant has a lot coming up in its pipeline that could change its revenues – and, its stock price's direction.

Watch the video above to hear the interview with Sacconaghi on what new products may do for Apple's bottom line. And, also watch JC O'Hara, Chief Market Technician at FBN Securities, on where he thinks Apple is headed.

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