As the Apple iPhone continues to sell three weeks after being introduced to the world, Apple Inc. (NASDAQ: AAPL) has had its shares rise over 14% from June 29 to now. Are AAPL shares going higher? According to many analysts --they are. I've seen targets for a 52-week high now from $175 to over $200. As of this afternoon, AAPL shares sit at $142.63 and they are going up still.
Things seem to be falling all Apple's way, despite certain snafus with the iPhone launch that landed in AT&T Inc.'s(NYSE: T) lap. Most of the initial launch issues (customer activations and such) have been ironed out and hundreds of thousands of customers are now enjoying their new iPhones. If this wireless gadget from Apple becomes even remotely as iconic as the iPod, Apple shares will mount a trek into outer space from the existing stratosphere where they currently reside.
Should you pick up AAPL shares now and get in on the possible ride? That's up to you and your wallet or portfolio. With rumors of a cheaper and smaller iPhone launch before this year's holiday season, Apple may have no place to go but up. $200 a share? That's a stretch, but if any company is qualified to get there right now, it's Apple.
Apple sees new 52-week price target of $175 and up
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Reader Comments (Page 1 of 1)
7-23-2007 @ 3:52PM
brettze@hotmail.com said...
The real wild card is whether Microsoft's Vista is much improved and requires considerably less time of users' time at home and work. We wasted untold billions of hours twiddling with PCs unnecessarily. Because of myraids and myraids of competitors making too many different componenets for PCs . We faced confilcts, reboots, malwares, etc. I just installed Vista and I still see problems but it is much better than XP. It is entirely up to the hackers and incompetitive makers of PC components that can spoil the PC experience of users. If Vista continues to waste billions of hours of users' time in the future, I am pretty certain that many PC users will throw up hands and buy Macs and with its limited software selections that willnot waste billions of hours of Mac users' time. If it happens, Apple will sell both OS and hardware and its stock will keep climbing toward 1000.