Highlights From Gene Munster's Thoughts On Apple Following Earnings

Notable tech analyst and top source for everything Apple Inc. AAPL, Gene Munster of Piper Jaffray, appeared on Benzinga's PreMarket Prep morning show Wednesday.

The appearance and comments followed Apple's big earnings and top-line beat Tuesday afternoon. The stock traded over the $104 level shortly after Wednesday's open, up about 6 percent for the session.

Below are all the highlights from Munster's interview on PreMarket Prep. The comments first appeared on Benzinga's Pro platform, a newswire for content aggregation and breaking exclusive commentary.

• Piper Jaffray's Gene Munster on Apple Following Earnings: Qtr. 'Really Symbolized That the Core Business Stabilized'
• Piper's Munster on Apple: Qtr. Showed 'iPhone Franchise is In Tact,' Says 'We Can Be More Optimistic' Co. Will Return to Growth
• Piper's Munster Highlighting Disappointing Parts of Apple's Qtr.: the Watch and the Mac Business, Says 'China Was as Bad as Expected'
• Piper's Munster on Apple: Noting a 'Massive Slowdown' in China, Highlights Tough Comps in China
• Piper's Munster on Watch: Looking Forward to '...Still One More Feature [Co.] Wants to Play Out: the Decoupling from the iPhone,' Says Success of Watch Will Be Tied to Effective Decoupling
• Piper's Munster Believes Watch Can Play Into Augmented Reality Developments
• Piper's Munster Says Investors Are Talking About Apple Mgmt Doing More with Balance Sheet, on Buybacks and Dividends
• Piper's Munster Highlighting Investors Want Apple to Buy Netflix as a Content Play
• Piper's Munster Noting Apple's Automotive Section Has Now More Than 1,000 Employees on Project Titan
• Piper's Munster Says 'the People Who Have Done the Best' on Apple's Car Effort See Current Initiative as Developing a Prototype, Could Get Close to Release by 2020, However That Could Be Optimistic
• Piper's Munster Highlights Tim Cook, on Last Night's Earnings Call, Was Surprisingly Open About Details on Co.'s Efforts Into Augmented Reality, Sees AR as Having Many More Applications Than Phones
• Piper's Munster Believes Apple's Efforts Toward Augmented Reality 'Should Give Investors Confidence' They Are Using Cash Appropriately