http://www.businessweek.com/articles/2012-04-12/gene-munster-says-apple-is-going-to-1-000
This article details the variety of reason why he believes the company's stocks will continue to climb at an alarming pace in the future. A truly interesting article because this guy is an investor who literally loves Apple to death and has been able to properly predict everything in the past.
4 comments:
This is an incredible example of growth. I'm wondering if at some point Apple will split their stock so it is more affordable for people like me.
I agree with the author's prediction. As we know, in the coming 2nd, 3rd, Apple will renew its MAC Pro and MAC Air product line. Fllowing the new semster shopping season, there is no wonder Apple's stock can climb to a new point.
I was surprised when I first read the title of the article--Apple is going to $1000. Admittedly, the development of Apple is a true legend. The stock price surged in a few years. However, is the estimation of $1000 is a little bit too optimistic? In terms of my view, I agree that the future of Apple is bright. Nevertheless, I think evaluators like Gene Munster might want to have second thoughts on his evaluation. An example is the mortgage market that it collapsed at the time when a lot of investors believed that the fast growing market will keep growing forever. It would be better to hold a discreet attitude when it seems everything is blossoming.
The growth of Apple stock and its projected rate of growth is incredible. Apple as a company has changed US society, and it seems that it will continue to do so for many years. I was very intrigued by how accurately Munster was predicting some of these values, but he is also extremely devoted and educated in this field. It will be interesting to see if the competition and other substitute products will be able to catch up at all in the coming years.
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