Price believes that Apple is still "really inexpensive" and that the prospects are good for earnings, which are to be reported Tuesday after the closing bell. "We think they are going to be their usual conservative self but prospects are also good for the next quarter so we think it [stock] could grind higher," he said.
Angelo Zino, S&P Capital IQ tech analyst, expects the company will report 52 million iPhones sold in the second quarter, which is higher than most estimates.
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"The momentum continues for the larger screen phones," he said in an interview with CNBC's "Squawk Alley" on Tuesday. Zino also attributed his estimate to the company's increasing market share in China, saying, "Apple has pushed the right buttons when it comes to China."
He expects that the major thing investors will be looking at is the company's guidance heading into the September quarter. "I can't see it [the stock] exploding to the upside in the near term, given the uncertainty going into the December quarter," he said.