Analyst sees Apple shares soaring to $1111 to give the company a trillion dollar value
Apple's stock has been on fire
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.
"On average, we estimate Apple’s net income in CY12 will be over 6x higher than the three tech companies on an individual basis (when at a $500 billion market cap) or 1.9x the aggregate profit of these three companies combined. When including all five companies, we estimate Apple’s net income in CY12 will be 4x higher than the average."– Brian White, Topeka Capital Markets
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