"The king is dead, long live the king," Doug Kass declares on CNBC (video) following Apple's...

|About: Apple Inc. (AAPL)|By:, SA News Editor

"The king is dead, long live the king," Doug Kass declares on CNBC (video) following Apple's (AAPL -12.3%) FQ1 report. Kass, no stranger to criticizing Apple, foresees "a new normal" of slow growth and lower multiples. Sell-side loyalists are counting on some mixture of new iPhones, a retina iPad Mini, carrier partnerships, and an iTV to reignite growth. Canaccord: “The timing of new products that could excite the market is going to be key to whether the stock continues to go down." (more) (transcript)