Apple Computer, Inc. (NASDAQ: AAPL) has had an incredible run over the last several months. This has been a trend that has been strong since early August, when it started moving from the $50s to the low $90s today. Is Apple poised to have doubled it's price within two quarters if it passes the $100 mark? It looks likely if Apple has a strong winter retail season.Jonathan Hoopes of ThinkEquity Parners LLC did a survey of Apple Retail traffic on Black Friday to get an estimate of what kind of sales traffic Apple was getting. The traffic was strong enough to make ThinkEquity raise Apple's target price from $100 to $110. So at least one analyst seem to think that yes, we will see Apple hit that point.
The next question on investors minds is whether the stock will split if it holds steady at these heights. Apple ended the trading today at $91.81, up $2.27, a 2.54% increase in price.
Tobias Buckell is a freelance writer, author, and professional blogger. He owns Apple stock.
GM Kills $10 Million Facebook Ad Campaign Because It Didn't Work
JCPenney's Ron Johnson: 'Customers Don't Get Our Pricing Strategy'


Reader Comments (Page 1 of 1)
11-28-2006 @ 11:50PM
Sammy Carr said...
THE FINAL WORD:
I am certain that Apple computer stock will jump to over $110 a share in the short term.
Apple is going to reveal "new products" in January that will expand the companies product lineup and add potentially billions in new revenue.
That's in addition to record breaking sales for this Holiday right now!
It is time to purchase Apple stock which has split at around $80 a share in the past. It's time for another split which will have an upward effect on the stock shares as it has in the past.
What are you waiting for? BUY BUY BUY $$$$ APPLE
11-28-2006 @ 10:04PM
Ron Evry said...
Apple's upcoming "iTV" unit will take the consumer world by storm, much as the iPod did. Five years ago, any Wall Street analyst given the news that Apple was coming out with an mp3 player would probably have yawned and said "so what"? Within a year or so, Apple will have grabbed the lion's share of a market that doesn't even exist right at this moment. No doubt, people will complain about it being "exclusionary" as well :)
Still, Apple understands something Microsoft never got with its "Media Center Edition" -- nobody wants to plug a computer into a television set. But a box that receives wireless entertainment transmitted from a Mac or PC? Yeah, people will line up to buy that. And they'll do it right. And any cheapo after the fact rip-offs of the iTV will probably not Get It Right.
So inevitably, Apple stock will soar some more. It may seem strange to say this with Apple approaching $100, but get it now, because it's cheap compared to what it will be in another year!
11-29-2006 @ 3:40AM
GeorgeS said...
Apple stock has increased by multiples, not percentages , in the past. I keep seeing this inertia of rest where you cannot see it increasing by more than 20%. I expect it to MORE than double.
But with iTV it keeps bugging me whether other studios will start using Apple. Amazon Unbox apparently is a failure.
Is it impossible to create digital rights management to burn movies to DVD?
11-29-2006 @ 11:25AM
Thomas Nawn said...
Please no splits. Dear Mr. Jobs do not treat me like Snow White Do Not Bring me like the bad witch a "bad apple" Bring me a good one, like a 2 billion buyback and a special dividend. Give me a break, you have billions in the bank or Mr SEC will come after you and treat you like a mutual fund
11-29-2006 @ 11:25AM
Michael Schneider said...
Apple had strong sales on Black Friday. The reports ar also that CyberMonday sales were running strong for retail generally and presumably Apple did well then also.
11-29-2006 @ 11:24AM
Jim said...
Well, Apple stock is down a little right now....but let's take a moment to look at the future here. Apple is actually quietly starting to take some marketshare away from the giant we all love to hate.
I the recent past they have made huge changes to their market strategy and their overall plan to take over the computer industry once again. I myself have always been a nay-sayer when it comes to Apple Computer but I'm finding myself actually being wooed by their changes. ie..Changing their hardware to the industry standards for chips and mb's. This alone will give them tons of flex power for attracting tons of users who hated the fact that they would have to change their lives to goto an Apple computer from a PC with another operating system on it.
Personally I'm just waiting for a large company to start getting license from Apple to mass produce their computers under a different name and just sell based on their operating system. At that point - prices will come down to a normal price range people are used to seeing and all the Microsoft pc's out there will have a problem!!
Apple stock is not even close to reaching it's high any time soon! Just wish I had zillions to invest lol.