There will be some "rough sledding" for Apple in the next couple of months, but expect the tech giant's September and December quarters to be very impressive, shareholder Channing Smith told CNBC Tuesday.
Apple shares have taken a hit since it reported disappointing earnings last week, although the stock popped Tuesday, gaining nearly 2 percent. It reported its first decline in quarterly revenue growth in 13 years and saw its iPhone sales fall from the previous year for the first time ever.
"It was a horrible quarter, probably one of the worst quarters that we've seen in a long time, but we're more optimistic on that September and December quarter. We think they will return to sequential growth," the managing director and co-portfolio manager of Capital Advisors said in an interview with "Power Lunch."