NEW YORK (TheStreet) -- Apple (AAPL) - Get Report is expected to report a year-over-year decline for its 2016 fourth quarter results due to "tough comps," Drexel Hamilton's Global Head of Technology Hardware & Software Brian White said on CNBC's "Squawk Box" Tuesday morning. The firm has a "buy" rating and $185 price target on the stock.
The expected decline is "all comps" because the iPhone 6 in September 2014 was "too big of an upgrade," he explained. This also explains why Apple's China market grew in fiscal 2015, but will drop in fiscal 2016.
But Apple will start to return to growth again under CEO Tim Cook, which is what investors are hungry for, White claimed.
"So the key here and what I hear from investors is 'Tim Cook, make Apple grow again.' That's what people want to see. They want to see this company return to growth," White said.
"It's all tough comps is what you're saying?" CNBC's Michelle Caruso-Cabrera asked.
"Impossible comps," White answered.
That's why investors should stop complaining about the lack of innovation at Apple or claiming that Tim Cook should step down, White said. "It's absolutely ridiculous," he added.
In the future, Apple will probably be getting more into augmented reality (AR) and virtual reality (VR), as well as cars and robotics, White predicted.
Analysts surveyed by FactSet expect Apple to report earnings of $1.66 per share on revenue of $46.99 billion for the 2016 fourth quarter. For the same quarter last year, Apple posted earnings of $1.96 per share on revenue of $51.50 billion.
Shares of Apple were higher in mid-morning trading on Tuesday.
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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Apple as a Buy with a ratings score of B+. This is driven by multiple strengths, which the team believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks the team covers.
You can view the full analysis from the report here: AAPL