Analyst: Apple will hit $600 in 18 months
updated 03:40 pm EST, Thu December 27, 2007
Analyst: $600 Apple
Apple's stock price repeatedly rose this week to finally break the $200 mark yesterday in afternoon trading, but one financial analyst expects the Cupertino-based company to reach $600 within 18 months. "There's so much growth to look forward to for the iPhone," said Stephen Coleman, chief investment officer at Daedalus Capital. Coleman said Apple gets roughly 30 percent of iPhone fees charged by carriers, according to Bloomberg, while Wall Street estimates place Apple's slice of the revenues somewhere between 5 percent and 20 percent.
Apple this year stands as the fifth-best performer on the Standard & Poor's 500 Index, with monumental growth from its Mac computer sales helping the company to report another record quarter. Helped by steady iPhone sales both in the U.S. and overseas, Apple hopes to reach its goal of selling 10 million iPhones by the end of 2008. The company had sold nearly 1.4 million handsets in the U.S. alone by the end of September -- prior to the busy holiday shopping season -- and could announce as many as 5 million sales during the Macworld Expo in January.
We can dream
12/27, 04:42pm reply
But it would make me rich enough to quit my main job and be a full time comic publisher. Go Apple go :)
Peter Bonte
Fresh-Faced Recruit
Joined: Aug 2001
It's just...
12/28, 12:44am reply
...a tad optimistic, don't you think? I mean, I have no doubt that Apple's stock will continue to soar for the next 18 months. But to triple its current value? Wouldn't they do a stock split long before the price reached $600?
leamanc
Fresh-Faced Recruit
Joined: Oct 2003
goog
12/28, 03:25am reply
Stock splits aren't s*** anymore, it's a race to the first $1000 tech stock.
Peter Bonte
Fresh-Faced Recruit
Joined: Aug 2001
Re: it's just
12/28, 10:05am reply
Doesn't matter, for someone would keep track of it's pre-split value (esp. if you own stock before any splits).
Splits are never s***. But overly-high tech stocks aren't desirable. You really think people want to see Apple and other tech companies back up in the $500 range? The only thing that can come from that is a panic attack amongst investors who see those types of prices and go "Oh no! Its 1999 all over again!" and start a major sell-off.
testudo
Fresh-Faced Recruit
Joined: Aug 2001
why why why
12/28, 10:36am reply
I keep asking myself "why didn't I buy it when AAPL was at $13/share?" I couldn't have bought much, but it would have been a nominal investment back then.
Oh well.
krb
Fresh-Faced Recruit
Joined: Jun 2000
Only 24 shares...
12/28, 10:46am reply
I only have 24 shares. If it hits $600, that's almost $15,000!!
Wow... All from a $700 investment! Go Apple!!
Smurfman
Fresh-Faced Recruit
Joined: May 2001
Even at $13 per share...
12/29, 12:45am reply
I bought APPL at about $15/share (which is actually cheaper when you adjust for splits), however, I sold it when it doubled and thought I was genius...
misterdna
Junior Member
Joined: Aug 2004