The World's Apple's Oyster

"Their computer business is absolutely thriving," he says.

If Apple plays it right, the release of iPhone can only drive the Apple mania higher, says Bajarin.

AT&T(T Quote - Cramer on T - Stock Picks), the sole service provider for the iPhone, has already indicated that the company received 1 million queries for the iPhone, the largest ever for a new phone.

"There's no question in my mind iPhone is going to be a big hit," says Bajarin. "It redefines what a phone looks like and how it should work."

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