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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.
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