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Apple's Best Days May Be Behind It, But that Should Not Be a Short-term Deterrence

Peter Thiel shook up Apple's (AAPL) world this week by saying "the age of Apple" has ended. Thiel told the New York Times on Wednesday that the maker of the iPhone lacks in innovation.

"I agree in part but not wholly. Apple's best days are behind it; there is no doubt about it," Bernstein senior analyst Toni Sacconaghi told CNBC's "Halftime Report" Thursday afternoon. "It was one of the most spectacular companies in history over the last 10 years. Revenues went up tenfold...