Apple’s share price could hit $1000

Speculations have come true and analysts have been proven wrong and right. Piper analyst Gene Munster agreed that Apple’s stock could hit $1000 a share. The share traded at all-time intraday high of $495, so its halfway there. If the share prices hit $1000 Apple could be worth a Trillion dollars. A chat between Business Insider and Gene Munster, Senior Research Analyst, Piper Jaffray is shown below.

  • This is now “the decade of mobile,” and Apple can become the global smartphone leader
  • Yes, Apple can maintain its incredible growth rate, even though it’s huge
  • There’s an explosive growth opportunity for Apple as products reach lower price points
  • The app development platform is definitely favoring Apple
  • Apple won’t crack corporate America, but that’s not where the huge mobile money is
  • Gene cannot put a specific long-term price target on Apple, but it’s better positioned than any other hardware company to grow over the next 5 years

Watch the whole 6 minute video

Source: Business Insider

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