Analyst: Thanks to the Apple iPad mini, Apple's stock target remains over $1,000
buy on the rumor, sell on the news," and did that ever ring true for Apple. With the shares rallying on the expectations surrounding the launch of the Apple iPhone 5, the stock hit an all-time high of $705 on September 21st which was the exact launch date for the 6th generation of the Apple iPhone. From that moment on, the stock has been in decline.
White's bullishness on the stock is based on fundamental analysis which revolves around the analyst's attempt to determine what Apple will earn in 2013 and beyond. Quite an imprecise science indeed. Meanwhile, most technical analysts, who look at the past movements of Apple shares to predict the future, are bearish on the stock and have been for the last $100 down. The stock has penetrated both the 50 and 200 day moving averages on the downside and most technicians say a close under $500 would lead to more selling.
4. neutralguy (Posts: 1152; Member since: 30 Apr 2012)
Is he drunk or something? $1,111? What's the real difference between him and a fortune teller?
15. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
"What's the real difference between him and a fortune teller?"
That he has hoodwinked a bunch of people to subscribe to his drivel and pay him waaaay more than his opinions are worth.
24. mambocream (Posts: 29; Member since: 10 Jun 2011)
He probably convinced his wife to invest their life savings in Apple when it was $700 and he is hoping that saying that $1,111 crap will get people to buy it and bring the stock back up. It is a little cold to be sleeping in the dog house.
6. InspectorGadget80 (unregistered)
Analyst are a bunch of iturds. No one can't reach over 1,100$ in stock. And Apple stock are already down at 509.59
16. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
I think you are limiting your assessment of analysts - they are mostly wrong in their predictions. Apple may get to $1,000 in 20 years, when the market average is also at $1,000. What is missing is accountability - no one forces these mouthpieces to shut up when they are wrong, they are just voicing their opinion....
27. -box- (Posts: 3982; Member since: 04 Jan 2012)
If they make it 20 years... Look at Kodak and Palm.
28. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Quite true. And it is not as if they don't have a culture of arrogance. Unchecked arrogance inevitably becomes the route to downfall.
17. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
To paraphrase Judge Koh (this time to Brian White) - Are you smoking crack?
18. MetroPhase (Posts: 12; Member since: 24 Nov 2012)
says analyst...nothing to see here folks
20. fanboy1974 (Posts: 1345; Member since: 12 Nov 2011)
Buying Apple stock is just not a good idea. Leaders in the technology sector change so fast I wouldn't be surprised if HTC or Motorola make a huge comeback. I still remember when Samsung had their crappy Droid Charge and I was never a fan of their original Galaxy S series. Today Samsung can't be stopped. And I was always a Windows Mobile and Palm guy back in the day. Today Palm is dead and Microsoft has less than 5% market share.
The only thing saving Apple right now is their ecosystem of Apps and the fannbois that continue to buy their flashy goods. Take both away and Apple is nothing. Tim Cook is nothing but a placeholder in this field. He is living in Steve Jobs shadow and does not have what it takes to bring us the next big thing. Super thin desktop computers that are not meant to be portable,multiple iPad variations, iPhone "S" models and this rumored Apple TV will not do it. These analyst are smoking crack. Even if Apple stock hit $1000 a share what exactly does that mean to the huge number of people still buying Android phones over iPhones?
22. decnova (Posts: 2; Member since: 06 Dec 2012)
It said apple will release ipad mini2.
It said it's the same 7.9-inch space? So we can use the same case for ipad mini2? e.g the iPad MINI Protective Leather Rotary Case With Belt Buckle is case I love for my ipad mini on theideasforgift.
29. Aeires (unregistered)
Analysts have said AAPL would be $1000 by the end of the year. Two more days and it's not going to happen. $1,111 isn't going to happen either, regardless of how many stock owning tech writers pump up Apple in their articles. Let's face it, the only new devices Apple has rumored to be released on the horizon are watches and televisions. People won't buy an overpriced TV like they do with tablets, and OS watches are novelties, niche at best.
AAPL might get back to $700, seriously doubt it will ever hit $1000.
30. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
I doubt there will be an iTV until Apple can negotiate content deals with the content providers. I would have expected leaks from at least a few content providers if any deal was imminent. But so far, nothing.
An iWatch can leverage iTunes, but I just don't see how you sell volumes in the 10s of millions. Is everyone going to trade in what they are currently using for a watch for an iWatch? I don't think so.
37. Aeires (unregistered)
I can see them trying to couple iTV with iTunes, but not everyone likes iTunes so that'll be yet another iDevice that only the die hards will purchase. Not going to make their stock hit $1k by any stretch.
33. rusticguy (Posts: 2828; Member since: 11 Aug 2012)
Thanks to investors for not buying into this anytime soon ... some analyst has said it will go down below $300 :)