Traders Pete Najarian and Karen Finerman are long Apple either personally or through their firms. Finerman said she has stuck with the stock because she is "excited about the (iPhone 7) launch."
Najarian, though, said he has more interest in shares of Apple suppliers. He said Cirrus Logic could rise and make a strong trade. The stock popped nearly 3 percent on Monday.
Trader David Seaburg, meanwhile, touted supplier Universal Display, which he said has a "massive opportunity" in the iPhone market. Its shares spiked more than 8 percent Monday.
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Karen is long BAC, C, DRII, DRII calls, FB, FL, GOOG, GOOGL, JPM, LYV, KORS, KORS, WIFI long call spreads, M, MA, SEDG, SPY puts, URI. Her firm is long ANTM, AAPL, BAC, C, C calls, DRII, DRII calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI, her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.
Long AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, GS, KMI, KMI.A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB, ZIOP Long Calls: AAL, AGN, AKS, AMJ, COP, EGO, EWZ, GLW, GS, GSAT, HAL, HAIN, HBAN, KATE, KBH, KGC, KMI, LLY, MSFT, MT, NOK, NLNK, POT, SBUX, SLV, SRPT, SVU, TCK, TEX, UAL, YHOO Long Puts: BBY, BID, FCX, NOV, PBR, VLO
Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc