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Low expectations for Apple event is good for stock, shareholder says

Expectations for Apple's latest product launch are pretty low, but that's a good thing for Apple stock, shareholder Jason Ware said Tuesday.

The tech giant is expected to unveil its latest hardware on Wednesday in San Francisco.

Ware said while there was a lot of excitement around the iPhone 6 announcement, the hurdle is lower this time because people feel like they know what to expect from Apple.

"With lower expectations, if there's anything that comes out that might excite folks or get people to go out and upgrade at a faster rate than maybe the Street's expecting … that's good news," the chief investment officer for...