Analyst sees Apple shares soaring to $1111 to give the company a trillion dollar value

Brian White of Topeka Capital Markets is what you might call a Super Bull on Apple's shares. By next year, White says that the Cupertino based company's stock will be trading at $1111 giving Apple a $1 trillion value. And unlike many companies whose shares rise on products and earnings not expected until the future, for 2012 White sees Apple reporting the highest net income of any company in the history of mankind.

Talking to people involved in Apple's supply chain, the analyst says that it is going to be an exciting September for the company. It could be the month that we see Apple introduce not only a completely refreshed 6th generation Apple iPhone, but also a mini version of the Apple iPad with a 7.85 inch screen. On Monday, Apple took a big step in the right direction by rising 2% or 11.65 to $585.78. The 52 week high of the stock is $644 with the 52  week low at $310.50.

White's bold forecast puts him in the same league as independent analyst Andy M. Zaky. You might remember that Zaky is calling for Apple to hit $2000 a share by 2015.source: CNET