Apple's new product lines could provide earnings growth and share price appreciation, ISI Group's Brian Marshall said Friday.
First, Marshall acknowledged that Apple wasn't necessarily the best stock play out there.
"But it offers the highest dividend yield in our coverage universe, about 300 basis points," he added.
"And we think that the product introductions over the next couple of quarters are going to be enough to re-accelerate the earnings growth, and so I think the stock is going to slowly start to factor in some of this going forward."
Shares of Apple traded midday at $417.13, down 0.87 percent.
(Read More: Apple Stock Faces Bumpy Road to $450)
On CNBC's "Fast Money," Marhsall said that while Apple already held the high end of the marketplace, the company needed a new 5-inch smartphone, as well as a low-cost version of its iPhone, noting that product penetration in emerging markets was half of what it was in the United States.